Bank Of America Upgrades Thomson Reuters On Accelerating Growth, Attractive Valuation

Bank Of America Upgrades Thomson Reuters On Accelerating Growth, Attractive Valuation

Bank Of America Upgrades Thomson Reuters On Accelerating Growth, Attractive ValuationBisbee said a combination of accelerating growth and an attractive valuation make Thomson Reuters a solid investment. “We like the combination of accelerating organic revenue growth, margin expansion, strong cash flow, and a healthy dividend (2.1% yield), all within a business that is highly defensive,” Bisbee said in the upgrade note. Thomson Reuters’ organic revenue growth has expanded from just 2% in 2017 to between 3.5% and 4% in 2019.