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Thomson Reuters +1.6% as Deutsche Bank expects strong second half

Published 06/19/2017, 12:34 PM
© Reuters.  Thomson Reuters +1.6% as Deutsche Bank expects strong second half
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  • Thomson Reuters (NYSE:TRI) is up 1.6% after Deutsche Bank (DE:DBKGn) boosted it to Buy on some strong second-half expectations.
  • Deutsche has raised its price target on TRI to $50 from $44, implying 7.5% upside from today's price.
  • Better top-line growth later this year -- especially in the Financial and Risk segment -- should help boost EPS growth next year, says analyst Ato Garrett.
  • "We expect TRI's 1Q17 investments in expanding its Know Your Customer 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," the note says.
  • Now read: Daily Insider Ratings Round Up 6/7/17: NTNX, TPX, MCC, LUB, TEP, KEF, SEAS


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