Goldman Sachs cool on TRI prospects

They rate TRI as Neutral and see shares reaching $35, which is about in-line with its closing price of $35.07 on Thursday.

A Goldman Sachs analyst noted that TRI has been the worst performing stock under coverage over the last three years (-42 per cent vs. the S&P 500 since January 2011) as results for its Financial & Risk division deteriorated.

“The decline was driven by lower spending by financial institution clients and loss of market share due to poor execution on a series of upgrades to its Eikon integrated desktops,” the analyst said.

The stock is up 20.68 per cent year-to-date. ■