Thomson Reuters price target raised to $153 from $149 at RBC Capital

RBC Capital raised the firm’s price target on Thomson Reuters to $153 from $149 and keeps a Sector Perform rating on the shares. The company’s Q4 results were “solid” and the firm is boosting its modeled enterprise value to expected EBITDA multiple to 22-times form 21-times to reflect the resulting added earnings visibility through the medium-term, the analyst tells investors in a research note.