Thomson Reuters price target raised to $150 from $138 at Credit Suisse

Credit Suisse analyst Kevin McVeigh raised the firm’s price target on Thomson Reuters to $150 from an "already Street high" $138 and keeps an Outperform rating on the shares after the company announced plans to return about $2.2B in proceeds from share sales in London Stock Exchange Group to shareholders via a cash distribution and also announced a reverse stock split. Thomson Reuters has been able to accelerate the monetization of its roughly $6B LSEG stake in 2023 and another roughly $1.5B is likely to be monetized before the end of the year, the analyst tells investors.