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Broker Snaps: Thomson Reuters
Thomson Reuters
1,380p +60p
Broker says HOLD
JP MORGAN has lowered its target price on financial news provider Thomson Reuters to 1,900p from 2,000p, but kept its "overweight" rating.
The broker thinks the market is too pessimistic on the outlook for revenues from Thomson Reuters' markets division (which broadly covers news services), but slightly reduced its own estimates on the division's revenues. It added that the more defensive professional business will also help growth.
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Friday 25 May 2012
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