Thomson Reuters price target raised to $115 from $100 at BofA

BofA analyst Curtis Nagle raised the firm’s price target on Thomson Reuters (TRI) to $115 from $100 and keeps a Neutral rating on the shares. Ahead of hosting Thomson Reuters CEO Steve Hasker and CFO Mike Eastwood for a keynote fireside discussion at the firm’s U.S. Information and Business Services conference, the firm cites greater confidence in the durability of high-single digit revenue growth, potential margin upside and the potential for increased capital return and accretive M&A for its raised target. However, BofA maintains a Neutral rating as it sees greater share price upside for Buy-rated Information Services stocks under the analyst’s coverage.