RBC Capital raised the firm’s price target on Thomson Reuters (TRI) to $173 from $171 but keeps a Sector Perform rating on the shares. The company’s Q3 results were slightly ahead of forecasts while the 2024 revenue growth guidance was modestly raised, the analyst tells investors in a research note. At its current valuation however, the bar for Thomson Reuters to deliver consolidated organic revenue growth in excess of 6% has risen, with the organic revenue growth trajectory over the 2025-26 period now taking center stage, the firm added.
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