Thomson Reuters upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Thomson Reuters (TRI) to Buy from Neutral with a price target of $186, down from $192. The firm believes the company’s artificial intelligence positioning has “significantly strengthened” in recent quarters and will drive organic revenue growth. AI is driving accelerating high-single-digit organic revenue growth in Thomson’s “Big 3” segments, the analyst tells investors in a research note. Goldman believes this will drive multiple expansion and attractive upside in the shares.