Thomson Reuters (TRI) Tops Q1 EPS by 4c

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Thomson Reuters (TRI) Buybacks and Cost Cutting Drive EPS Upside - Piper Jaffray

April 27, 2016 7:30 AM EDT

Piper Jaffray analyst, Peter Appert, believes Thomson Reuters (NYSE: TRI) turn-around efforts are showing improving margin trends and stabilizing revenues but needs to see evidence of revenue growth acceleration to boost his rating from Neutral. The price target was raised to $40 (from $34), based on 17x 2017E EPS of $2.34.

What's New? Overall 1Q revenues were fractionally below expectations, with EPS slightly... More