Jefferies Starts Thomson Reuters (TRI) at Hold

Jefferies initiates coverage on Thomson Reuters (NYSE: TRI) with a Hold rating and a price target of $36.00.

Analyst Dan Dolev comments, "Ubiquitous access to information and weak end-markets force companies in the $26bn Information Services industry to compete on content and service. FDS has done this successfully for 3+ decades, plus consensus underestimates margin benefit from abating headcount growth. TRI is on the mend, but Bloomberg is deeply entrenched, plus our survey, IB chat data and self-assessment study show that displacing Bloomberg will be an uphill battle."

For an analyst ratings summary and ratings history on Thomson Reuters click here. For more ratings news on Thomson Reuters click here.

Shares of Thomson Reuters closed at $36.94 yesterday.

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