RBC Capital analyst Drew McReynolds upgraded Thomson Reuters (TRI) to Outperform from Sector Perform with an unchanged price target of $126. The firm sees an “asymmetric set-up” to the upside following the stock’s recent pullback. Thomson has a “higher growth ceiling but with a wider range of outcomes” amid the rise of agentic AI, the analyst tells investors in a research note. RBC says a reacceleration of the company’s organic growth and more disclosures can help change the investor narrative.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRI:
- Thomson Reuters price target lowered to $111 from $178 at Goldman Sachs
- Thomson Reuters Earnings Call: AI Growth Drives Outlook
- Thomson Reuters price target lowered to C$175 from C$285 at TD Securities
- Thomson Reuters price target lowered to $116 from $165 at Morgan Stanley
- Thomson Reuters: Resilient Growth, Fortress Balance Sheet, and Mispriced Valuation Support Buy Rating