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In a report published Friday, Morgan Stanley analyst Toni Kaplan reiterated an Equal-Weight rating on
Thomson Reuters CorporationTRI.
In the report, Morgan Stanley noted, “TRI hosted a well-attended Investor Day in Toronto on 3/20. We view Eikon 4.0 as a significant advancement over the prior version, and we appreciated the incremental detail on how TRI expects to achieve its longer-term targets (30% F&R margins by ‘15 and $2.80 in adj. EPS in ‘17). On the negative side, management alluded to the potential for additional restructuring costs, which has been a recurring theme with TRI.”
Thomson Reuters Corporation closed on Thursday at $33.70.
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