National Bank Provides Color on Thomson Reuters, Outperform
National Bank provided color on Thomson Reuters (NYSE: TRI) after the company announced its plans to sell its Healthcare division by the end of this year.
In a research report published today, National Bank states "TRI has indicated that its guidance for 2011 ex-FX is unchanged as it continues to call for mid-single digit revenue growth, EBITDA margin expansion of at least 300 bps, Underlying Operating margin expansion of at least 100 bps after absorbing 70 bps of higher D&A, and reported FCF growth of 20%-25%. Proceeds from the expected sale will be used as usual to invest organically in TRI's core businesses, invest in related M&A, and return capital to shareholders."
National Bank decided to reiterates its Outperform rating on the company's stock. On Monday, Thomson Reuters lost 0.61% of its value to close the day at $37.60.
