Piper Jaffray analyst Peter Appert raised his price target for Thomson Reuters to $45 citing a more positive view of the company's "long-term value opportunity" and appreciation in the peer group. There is a "potentially interesting multi-year value case" to be made for Thomson, made more compelling by the stock's weakness over the past six months, Appert tells investors in a research note. The analyst, however, keeps a Neutral rating on the shares citing "an evolving financial model and soft near-term earnings expectations."

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.