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Thomson Reuters hits record high after upgrade at Scotiabank

Oct. 17, 2017 4:47 PM ETThomson Reuters Corporation (TRI) Stock, TRI:CA StockTRIBy: Jason Aycock, SA News Editor
  • Thomson Reuters (TRI +1.7%) reached an all-time high, hitting $48.61, after a boost to Sector Outperform at Scotiabank, which pointed to revenue growth, possible margin expansion and capital returns as positives.
  • The firm can beat its full-year earnings target of $2.40-$2.45 thanks to organic growth in the financial and risk segment, the firm says. (h/t Bloomberg)
  • Scotiabank raised its price target to $55 from $47, implying 14.4% upside still ahead.

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