The Globe and Mail reports in its Friday, May 3, edition that Scotia Capital analyst Maher Yaghi continues to rate Thomson Reuters "sector perform." The Globe's David Leeder writes that Mr. Yaghi gave his share target a $5 boost to $164 (all figures U.S.). Analysts on average target the shares at $159.49. In a research report titled "Strong Execution Delivers in Spades in Terms of Stock Price Return," Mr. Yaghi says Thomson Reuters's first quarter results were some of the strongest the company had delivered in a long time. Mr. Yaghi says in a note: "A combination of highly profitable GenAI Reuters content licensing and transactional revenues in the corporates and tax segments boosted growth into the double-digit range. While management went to great lengths to caution that these sales are unlikely to recur we believe the current guidance looks overly conservative. Our new estimates are above the company's guidance on revenue growth, EBITDA margins and FCF." Following its Thursday release, Mr. Yaghi says the company had a "strong start" to 2024 on the back of strong seasonal demand, leading an upward revision of organic and revenue growth. However, he warns "moderation" is likely in the current quarter.