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Broker reiterates Neutral rating on TRI, sets $40 target

Thursday 21 October 2010

Goldman Sachs reiterated its neutral rating on Thomson Reuters shares and $40 price target going into the company's Q3 results at the end of this month.

In a note to clients, the broker said it expected the third quarter results on 28 October to pace in line with expectations as top line growth improves owing to steady, but not accelerating progress in end-market fundamentals and easier year-on-year comparisons at the Markets division.

It forecast earnings of $0.55 per share, in line with consensus, and expects 2010 revenue and operating income guidance to remain unchanged. ■

SOURCE
Bezinga