BMO Capital analyst Tim Casey raised his price target on Thomson Reuters to C$87 to reflect its higher core business target multiple and rising comps. The analyst is also keeping his Outperform rating on the shares, saying Thomson Reuters has evolved into a "cost/margin recovery story" with an "improving revenue growth narrative". Casey adds that the company's partnership with Blackstone has highlighted the value of its "historically largest operating group Refinitiv", while its remaining units - Legal, Tax and Corporates - should also "reflect more stable and attractive growth profiles."