Analysts Cautious on Reuters Price
ORGANIZATION AND STRATEGY
Analysts are divided in their outlook for Reuters following the sharp rise in the vendor’s share price, which jumped to a four-month high last Friday, June 6.
Media analysts Andrew Gordon-Brown and Tejpal Dhami of JPMorgan Chase downgraded Reuters last week from Neutral to Underweight (which means Reuters’ return is expected to be below the average return of the industry) and gave a new valuation of 162p (down from 181p). The analysts say the share price, which peaked at 200.50p last Friday, June
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