Broker snap: Thomson Reuters seen suffering from downturn
Free email from MoneyWeek
Money
Morning is the FREE daily email from MoneyWeek – a punchy round-up
of the latest investment news and profit opportunities. DON’T MISS
IT!
This genius investor does dizzying levels of research to uncover...Half Price Shares!
Morgan Stanley has started coverage on Thomson Reuters with an 'underweight' rating, saying the newly-formed financial information giant may be vulnerable to a slowdown in financial markets. The broker gives the stock a 1,485p target price.
It noted that while around half of Thomson Reuters' earnings come from defensive, high recurring subscriptions, the other half is derived to the more volatile financial business.
(Article continues below)Advertisement
The company's revenue growth should slow sharply into 2009, Morgan said, adding that it prefers Financial Times publisher Pearson and United Business Media.
FREE! For all our latest advice on making profitable investments, claim your 3-week FREE trial of the MoneyWeek website and magazine now.
Money Morning is the FREE daily email from MoneyWeek
– a punchy round-up of the latest investment news and profit opportunities.
DON’T MISS IT!
