The Globe and Mail reports in its Wednesday, Aug. 28, edition that Scotia Capital analyst Maher Yaghi has upgraded his recommendation for Thomson Reuters to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi's share target soared ahead by $16 to $182. Analysts on average target the shares at $164.61. Mr. Yaghi thinks shares of Thomson Reuters are not yet properly pricing in the potential acceleration in revenue growth possible from investment in generative artificial intelligence. He says in a note: "Applying the Rule of X valuation methodology and comparing Thomson Reuters valuations vs North American cloud/software/data services peers we notice that the stock's relative valuation has remained essentially unchanged since 2022. While Q3 results will likely be pressured by GenAI investments that are picking up at a time of weak seasonality, we expect margins to improve as we exit the year. The forward outlook for 2025/2026 remains bullish in our view and the ability of the company to deliver on margins and FCF remains solid." Mr. Yaghi suggests that the combination of data and underlying software should "warrant an added premium over time."