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

Courtesy of Benzinga.

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

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.

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“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


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Image Credit: By Open Grid Scheduler / Grid Engine – Own work, CC BY-SA 4.0, via Wikimedia Commons

Latest Ratings for TRI

Date Firm Action From To
Jun 2017 Deutsche Bank Upgrades Hold Buy
Jun 2017 Macquarie Upgrades Neutral Outperform
May 2017 Canaccord Genuity Downgrades Buy Hold

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


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