Analysts Question Reuters’ Share Price
ORGANIZATION AND STRATEGY
Lehman Brothers has released a research report that calls Reuters’ share price undervalued, contradicting reports from other firms that say it is overpriced.
The April 29 report from Lehman says the share price is close to half of what it should be. "Something [is] wrong with Reuters’ share price," says the report. The price, which at the time of the report was at 125p, should be closer to 209p, says Colin Tennant, one of the authors of the report.
"If you assume that the non-core assets [Instinet
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