Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. MSG (MSG)resumed with Overweight, target upped to $245 at JPMorgan. 2. Thomson Reuters (TRI) initiated with a Sell at Berenberg. 3. ServiceMaster (SERV) initiated with an Overweight at JPMorgan. 4. Warrior Met Coal (HCC) initiated with a Market Perform at FBR Capital. 5. TransGlobe (TGA) resumed with a Speculative Buy at Canaccord. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

National Bank upgraded Thomson Reuters to Sector Perform from Underperform with a price target of C$217, up from C$210, ahead of its Q1 results. The company has telegraphed organic revenue growth of 8% and adjusted EBITDA margin of 40%, with net growth impacted by sale of Elite but helped by purchase of Pagero and second consecutive quarter of Reuters licensing deals to third parties to drive their AI LLMs - or large language models, the analyst tells investors in a research note, adding that these will boost segment revenue growth to mid-to-high teens.

Shares of Walmart-backed (WMT) Ibotta soared in their market debut, rising more than 30% and giving the digital marketing company a valuation of about $3. 55B... To see the rest of the story go to thefly.com. See Story Here