- Thomson Reuters (NYSE:TRI) is 2.1% lower in early trade today as RBC Capital Markets calls it "due for a pause" and downgrades to Sector Perform.
- The firm previously had an Outperform rating on TRI. It says it's still positive on the turnaround story, but "we would be patient for a more timely entry point."
- RBC expects headwinds this year from currency issues and the Thomson One migration may dissipate; it says 2015 consensus estimates are too high, while those for 2016 may be too low.
- RBC's price target for TRI remains at $41; shares are trading at the moment at $41.42.