Thomson Reuters price target raised to $131.50 from $130 at Canaccord

Canaccord raised the firm’s price target on Thomson Reuters (TRI) to $131.50 from $130 and keeps a Buy rating on the shares. The firm sees the recent selloff as a buying opportunity as they believe the company’s market position and moat is being badly misunderstood by the market. Catalytically, they note that the company’s capital capacity through to 2028 is nearly the same as the current float, and they have a notable track-record of substantial returns to shareholders.