The Globe and Mail reports in its Friday, Jan. 26, edition that National Bank Financial analyst Adam Shine has reaffirmed his "sector perform" recommendation for Thomson Reuters. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shine boosted his share target by $21 to $201. Analysts on average target the shares at $189.14. Mr. Shine predicts the response to the release of Thomson Reuters's fourth quarter 2023 results and 2024 outlook will help determine whether a "material" rerating over the last three months "has legs" or whether its stock has gotten "ahead of itself." Mr. Shine says in a note: "On Feb. 8, Thomson Reuters will report its Q4 and offer guidance for 2024 which has been characterized as an investment year. Then and/or during its March 12 investor day, it will also offer some key objectives for 2025 and 2026. ... From Nov. 2 to Jan. 23, Thomson Reuters's 2024 estimated EV/EBITDA multiple expanded 410 basis points. Why? We acknowledge great execution from a strong management team with a clear vision of how it wishes to further grow the company and leverage $8-billion of capacity with wish to pursue M&A and/or return cash to shareholders."