Deutsche Bank downgrades Thomson Reuters
Friday 6 August 2010
Deutsche Bank analysts downgraded Thomson Reuters shares to hold from buy, saying that the markets division - which contains the financial and media businesses - continues to struggle. In a research note to investors, the bank kept its $42 price target for the stock.
The markets division serves financial services and corporate professionals globally, with Reuters media serving professional and consumer media markets. It delivers critical information, supporting technology and infrastructure to a diverse set of customers.
TRI shares trading in New York were down more than two per cent on Friday, hitting $36.78. ■
- American Banking News