The Globe and Mail reports in its Thursday, May 7, edition that Scotia Capital analyst Maher Yaghi has reaffirmed his "sector outperform" call on Thomson Reuters. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi cut his share target to $138 (U.S.) from $156 (U.S.). Analysts on average target the shares at $188.12 (Canadian". Mr. Yaghi says in a note: "Thomson Reuters delivered Q1 results ahead of consensus expectations with Big Three organic revenue growth of 9 per cent showing no sequential deceleration, yet the stock continues to be under pressure on investor fears of AI-driven disruptions. Competition is rising across several end markets, but we continue to believe that Thomson Reuter's competitive advantages position the company to grow in its core legal, tax and accounting, and corporate segments. To reflect ongoing multiple compression driven by AI disruption concerns across the data services and software peer group, we have further lowered our EV/EBITDA valuation multiple from 15 times to 13 times.... We continue to believe that the company should deliver 7- to 8-per-cent annual organic revenue growth over the medium term."