Thomson Reuters shares rise 5.03% intraday on RBC upgrade to Outperform with $126 target, citing AI-driven growth and strategic acquisitions.

Thomson Reuters surged 5.03% intraday as RBC Capital upgraded the stock to Outperform from Sector Perform, citing an improved risk-reward profile amid strategic AI monetization and a recent 49.98% six-month decline. The upgrade highlighted agentic AI's potential to expand Thomson Reuters' total addressable market, creating a "higher growth ceiling" despite market complexity. Additionally, a deepened partnership with Crunchafi to integrate lease accounting solutions into Guided Assurance underscored the company's growth strategy. The analyst's $126 price target, reflecting undervaluation, and the firm's emphasis on evolving AI-driven opportunities reinforced investor optimism, aligning with the intraday rally.