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UDPATE: Piper Jaffray Upgrades Rating on Thomson Reuters as Industry Environment Improves

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Top Performing Industries For April 26, 2016
Earnings Scheduled For April 26, 2016

In a report published on Thursday, Piper Jaffray upgraded their rating on Thomson Reuters (NYSE: TRI) from Underweight to Neutral and changed its PT on the company from $27 to $34.

In the report, analysts from Piper Jaffray commented that, "Domestic equity markets have been robust over the past 18 months, leading to rising assets under management (AUM) for a key part of TRI's customer universe. Global mutual fund inflows were positive in 1Q 2013 for the first time in five years, driving growth in AUM to record levels. Rising AUMs generally correspond to higher headcount both on the buy-side to oversee the assets and on the sell-side to service institutional investors, driving potential for improved demand for Thomson's Financial & Risk segment. After several years of negative/nominal growth, an improved industry backdrop should help TRI return to positive revenue comparisons over the next several quarters."

Thomson Reuters is up 0.10 points on the day and currently trades at $35.05 a share.

Latest Ratings for TRI

DateFirmActionFromTo
Feb 2016NomuraMaintainsNeutral
Feb 2016Deutsche BankMaintainsHold
Jan 2016Bank of AmericaDowngradesBuyNeutral

View More Analyst Ratings for TRI
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Upgrades Analyst Ratings

 

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