BMO Capital analyst Tim Casey raised the firm’s price target on Thomson Reuters to $182 from $161 and keeps an Outperform rating on the shares after its Q4 earnings beat. The analyst is positive on the stock’s "very strong" fundamentals, attractive free cash flow conversion and limited downside risk. The firm also sees Thomson Reuters generating mid-single-digit revenue growth supported by margin accretion and a step-up in free cash flow.
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Published first on TheFly
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