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Thomson Reuters Corp (3)
Symbol TRI
Shares Issued 446,658,318
Close 2025-11-05 C$ 203.53
Market Cap C$ 90,908,367,463
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Globe says Thomson Reuters kept at "sector perform"

2025-11-06 07:07 ET - In the News

The Globe and Mail reports in its Thursday, Nov. 6, edition that RBC Dominion Securities analyst Drew McReynolds has reiterated his "sector perform" recommendation for Thomson Reuters. The Globe's David Leeder writes that Mr. McReynolds gave his share target a $5 trim to $177 (all figures U.S.). Analysts on average target the shares at $185.13. Mr. McReynolds says in a note: "As we continue to size up the growth and risk profile of the stock with a focus on agentic AI impacts over the medium-term, we do see a more reasonable risk-return setup following the recent pullback given: (I) the reiteration of 7.5-per-cent to 8-per-cent consolidated organic revenue growth in 2026 underpinning the current FTM [forward 12-month] EV/EBITDA multiple of 21.2 times; (ii) ongoing steady execution on the generative and agentic AI roadmap; and (iii) a solid balance sheet and attractive capital return profile. ... Management expects Q4/25 organic revenue growth of approximately 7 per cent, which was below our previous estimate of 8.1 per cent (or up per cent for the Big Three versus our previous estimate of 9.8 per cent). ... Management remains confident in delivering on the current 2026 consolidated organic revenue growth outlook."

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