RBC Dominion Securities upgrades Thomson Reuters to "outperform" with target price of $126.

RBC Dominion Securities analyst Drew McReynolds upgrades Thomson Reuters Corp. (TRI-Q, TRI-T) to "outperform" from "sector perform," citing an "asymmetric set-up now to the upside" following the recent pullback. McReynolds sees a higher growth ceiling but with a wider range of outcomes, and believes the stock has become more attractive following the pullback. He maintains a target price of US$126 and believes Thomson Reuters can reach "escape velocity" through steady revenue growth, AI deployment, strategic partnerships, and sustained competitive positioning.