The Globe and Mail reports in its Friday, Nov. 3, edition that RBC Capital analyst Drew McReynolds has reaffirmed his "sector perform" recommendation for Thomson Reuters. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. McReynolds knocked his share target back by $3 (U.S.) to $133 (U.S.). Analysts on average target the shares at $130.67 (Canadian), down from $136.98 (Canadian) a month ago. Thomson Reuters's third quarter results were slightly better than what Mr. McReynolds had been expecting. He says investors should stay patient for a more timely entry point. Mr. McReynolds says in a note: "We believe the recent pullback in the stock has lowered the degree of valuation risk that prevailed following the run-up in the shares into Q2/23 (forward twelve month EV/EBITDA of 20.6x versus a peak of 24.5x). Nevertheless, we remain patient for a more timely entry point with a three-fold focus on: (i) the ability to generate organic revenue growth in excess of plus 6 per cent on a sustained basis; (ii) improved visibility on the impact of accelerated AI adoption and monetization; and (iii) the extent to which macro uncertainty ultimately translates to a slower net sales environment."