Market Overview

Thomson Reuters Is A Buy; Look For Good News On The Topline This Year

Share:
Thomson Reuters Is A Buy; Look For Good News On The Topline This Year
Related TRI
Benzinga's Top Upgrades, Downgrades For September 6, 2017
A Peek Into The Markets: U.S. Stock Futures Climb; Apple Earnings In Focus

Deutsche Bank rates Thomson Reuters Corp (NYSE: TRI) a Buy, given its expectations that the company is well positioned for the back half of the year. The firm thinks the company will see improving top-line growth, helped by growth from the financial and risk segment, accounting for 55 percent of revenues, and improving margins.

Analyst Ato Garrett expects the top-line growth and improving margin to lead to earnings per share growth at Thomas Reuters next year. Specifically, the analyst expects the F&R revenue growth to benefit in the second half of 2017 from diminishing headwinds from pricing adjustments and less drag from declining Recoveries revenues.

tipranks.png

"We expect TRI's 1Q17 investments in expanding its Know Your Customer (KYC) and Risk businesses to drive growth in 2018E as F&R increases its exposure to faster growing end markets and diversifies beyond the headcount dependent Desktop business," Deutsche Bank said.

Consequently, the firm expects the company's multiple to expand and reduce its discount versus peers.

Accordingly, the firm upgraded the shares of the company to Buy and raised its price target from $44 to $50.

Related Links:

Benzinga's Top Upgrades, Downgrades For June 15, 2017

Improving Prospects For Thomson Reuters May Prove Elusive
______
Image Credit: By Open Grid Scheduler / Grid Engine - Own work, CC BY-SA 4.0, via Wikimedia Commons

Latest Ratings for TRI

DateFirmActionFromTo
Oct 2017ScotiabankUpgradesSector PerformSector Outperform
Sep 2017TD SecuritiesUpgradesHoldBuy
Aug 2017Deutsche BankMaintainsBuy

View More Analyst Ratings for TRI
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Upgrades Price Target Top Stories Analyst Ratings Media Trading Ideas Best of Benzinga

 

Related Articles (TRI)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...