The Globe and Mail reports in its Thursday, Jan. 30, edition that RBC Dominion Securities analyst Drew McReynolds has reaffirmed his "outperform" recommendation for Thomson Reuters. The Globe's David Leeder writes that Mr. McReynolds gave his share target a $4 boost to $177 (all figures U.S.). Analysts on average target the shares at $171.17. The Globe says Mr. McReynolds sees an improving advertising environment providing a "constructive backdrop" across the Canadian media industry ahead of fourth quarter 2024 earnings season. Mr. McReynolds says in a note: "While we remain patient for more timely and/or attractive accumulation points, we believe current valuation levels are fundamentally justified provided that: (I) management meets or exceeds a 7 to 8-per-cent organic revenue growth trajectory by 2026 without meaningful changes to the company's current margin, capex, and FCF conversion profile; and (ii) solid execution on the GenAI playbook continues with little change to the current GenAI narrative including perceived opportunities and risks. With further upward revisions to 2024 organic revenue growth guidance through the year that we believe set the stage for 7 8-per-cent consolidated growth in 2025E and 2026E."