After attending Thomson Reuters' investor day meeting, Morgan Stanley analyst Toni Kaplan noted that the company's 2020 organic revenue growth target of 3.5%-4.5% is "well above" the 2.2% organic growth achieved by RemainCo in 2017. Additionally, the company's plan to report its segments going forward as Legal, Corporates, Tax, News, and Print gives her further conviction that Thomson Reuters can accelerate top line growth, she stated. Kaplan, who views the revenue growth as a potential catalyst for multiple expansion, raised her price target on Thomson Reuters to $56 from $53 and keeps an Overweight rating on the shares.

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.