BMO Capital raised the firm’s price target on Thomson Reuters (TRI) to C$308 from C$280 and keeps an Outperform rating on the shares. The stock has risen on a potential Nasdaq 100 inclusion as the company continues to exemplify superior fundamentals relative to peers in the Legal and Tax & Accounting segments, the analyst tells investors in a research note. Thomson Reuters’ multiple expansion is supported by industry growth momentum, stable end markets, an exceptional balance sheet position, a GenAI product advantage and consistent execution, the firm added.
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