The Globe and Mail reports in its Wednesday, April 24, edition that National Bank Financial analyst Adam Shine has upgraded Thomson Reuters to "sector perform" from "underperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Shine's share target soared by $7 to $217, matching the consensus. As Thomson Reuters moves through "this year of investment and gets beyond [its] latest $1-billion NCIB [normal-course issuer bid]," Mr. Shine says he will "continue to look for a better buying opportunity for a stock that overshot into mid-February and has since underperformed market indices." Mr. Shine says in a note: "Thomson Reuters telegraphed organic Q1 revs growth of up 8 per cent and adj. EBITDA margin of approximately 40 per cent. Net growth impacted by sale of Elite but helped by purchase of Pagero and second consecutive quarter of Reuters licensing deals to third parties to drive their AI LLMs [large language models] which will boost segment revs growth to mid-to-high teens and drive 75 per cent of expected consolidated margin expansion." The Globe reported on Feb. 22 that Mr. Shine had cut Thomson Reuters to "underperform" from "sector perform" when it was worth $158.13.