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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRI:
- Thomson Reuters Announces 2024 Shareholder Meeting
- Cisco, Goldman Sachs and S&P Global added to ‘US 1 list’ at BofA
- Thomson Reuters price target raised to $152 from $146 at CIBC
- Thomson Reuters upgraded to Overweight at Barclays after investor day
- Thomson Reuters upgraded to Overweight from Equal Weight at Barclays