The Globe and Mail reports in its Friday edition that Barclays analyst Manav Patnaik has elevated his recommendation for Thomson Reuters to "overweight" from "equal weight" following the company's Investor Day this week. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Patnaik's share target soared by $30 to $180 (all figures U.S.). CIBC also raised its share target by a modest $6 to $152, matching the consensus. Mr. Patnaik says in a note, "We have been constructive on the ongoing transformation at TRI, and [the Investor Day] gave us a much anticipated look 'under the hood' to convince us that TRI's content-enabled technology growth is still only in the early innings." CIBC analyst Scott Fletcher says in a note: "While the company did not update its financial targets, the TRI team projected confidence in the GenAI strategy and was convincing in its belief that TRI is well positioned to benefit from structural tailwinds in its end markets. ... With shares already at a premium, it is hard to bank on additional multiple expansion from current levels." The Globe reported on Feb. 22 that National Bank's Adam Shine had cut Thomson Reuters to "underperform" from "sector perform" when it was worth $158.13.