Goldman Sachs Downgrades Thomson Reuters (TRI) to Sell, Sees 13% Downside
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Price: $103.61 -2.32%
Rating Summary:
13 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 10 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Thomson Reuters (NYSE: TRI) from Neutral to Sell with a 6-month price target of $25, suggesting 13% downside.
The firm said risk from financial services (around 50% of revenue) and European exposure (around 40% of financial services revenue) puts their 2012 estimates 13% below consensus.
Goldman cut 2012E/13E EPS to $1.95 / $2.23 from $2.03 / $2.36 on deterioration in bank headcount trends.
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 $28.81 yesterday.
The firm said risk from financial services (around 50% of revenue) and European exposure (around 40% of financial services revenue) puts their 2012 estimates 13% below consensus.
Goldman cut 2012E/13E EPS to $1.95 / $2.23 from $2.03 / $2.36 on deterioration in bank headcount trends.
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 $28.81 yesterday.
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