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Broker rates Thomson Reuters Hold

Friday 18 July 2008

Broker JP Morgan lowered its target price on Thomson Reuters to 1,900 pence from 2,000 pence but kept its Overweight rating on the company's shares.

It thinks the market is too pessimistic on the outlook for revenues for the markets division, which includes news services. It added that the more defensive professional business will also help Thomson Reuters deliver growth.

On the London Stock Exchange the share was one of the FTSE 100’s biggest gainers, closing 60 pence higher at 1,380 pence, a rise of 4.55 per cent on the day. ■

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ShareCast