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Fly News Breaks for May 14, 2018
TRI
May 14, 2018 | 08:04 EDT
As reported earlier, RBC Capital analyst Drew McReynolds upgraded Thomson Reuters to Outperform from Sector Perform and kept his $44 price target. The analyst notes that the company's Q1 results were in line with forecasts, while its re-allocation of the previously announced Financial & Risk gross proceeds were also as expected. McReynolds adds that the recent pullback in the stock price offer an attractive entry point, although the stock will have to endure a "digestion period" following the transaction.
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