The Globe and Mail reports in its Friday, Jan. 3, edition that CIBC World Markets analyst Scott Fletcher has increased his price target for Thomson Reuters from $164 to $165 while maintaining a "neutral" recommendation (all figures U.S.). The Globe's David Leeder writes that this change follows Thursday's announcement of Thomson Reuters' acquisition of tax automation software company cPaperless LLC, which operates under the SafeSend brand, in a cash deal worth $600-million. Analysts on average target the shares at $171.17. Mr. Fletcher says in a note: "SafeSend looks to be directly in the centre of Thomson's M&A sweet spot, with a price tag similar to recent medium-sized deals, a product that complements and extends its tax return workflow products, and a business that Thomson has already partnered with and has experience selling. SafeSend's 'last mile' tax return capabilities are a clean fit with SurePrep's 'first mile' capabilities, and Thomson will be able to offer improved end-to-end tax return functionality to its accounting firm customers. After the deal, we expect Thomson will have $3.7-billion of available near-term liquidity in cash and room on its credit facility, and leverage of only 0.5 times."