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Citigroup raises Thomson Reuters to Buy

Monday 25 January 2010

Citigroup raised Thomson Reuters to Buy from Hold. Among 27 analysts following Thomson Reuters, three now rate the stock a Buy, seven Outperform, 11 Hold, three Sell and three have no opinion.

TRI.N closed at $32.37, 1.98 per cent higher, TRI.TO at C$34.22, up 1.85 per cent.

The upgrade coincided with the launch of a new service aimed at high-frequency traders in London and Chicago. Thomson Reuters NewsScope Direct will provide the fastest access to market-moving machine readable news content. The company said its microsecond delivery enables clients to buy and sell financial instruments before the information moves the market. ■

SOURCE
Citigroup