Thomson Reuters downgraded to Sector Perform from Outperform at Scotiabank

Scotiabank analyst Maher Yaghi downgraded Thomson Reuters to Sector Perform from Outperform with a price target of $138, up from $127. Shares have performed "exceptionally well this year," says the firm, which cites valuation for its decreased rating. It is "always hard to downgrade the stock of a company that is performing well," but the firm thinks it is best to wait for a better entry point, the analyst tells investors.