RBC Capital Upgrades Thomson Reuters (TRI) to Outperform

RBC Capital analyst Drew McReynolds upgraded Thomson Reuters (NASDAQ: TRI) from Sector Perform to Outperform with a price target of $126.00.

The analyst comments: "We are upgrading the stock from Sector Perform to Outperform. Acknowledging more complex TAM and market share equations for Thomson Reuters with agentic AI, our scenario analysis points to an asymmetric set-up now to the upside following the pullback in the stock. Acknowledging that any analysis at this juncture examining TAM and market share scenarios should be viewed as illustrative and instructive rather than predictive or deterministic, our key investment takeaways from our scenario analysis are: (1) Thomson Reuters has a higher growth ceiling but with a wider range of outcomes; (2) TAM evolution is the most important determinant in assessing the growth and risk profile of the stock; and (3) the potential upside versus downside trade-off in the stock has become more attractive following the pullback."

For an analyst ratings summary and ratings history on Thomson Reuters click here. For more ratings news on Thomson Reuters click here.

Shares of Thomson Reuters closed at $89.31 yesterday.

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