BofA Reinstates Thomson Reuters (TRI) Coverage as Information Services Sector Outlook Improves

Thomson Reuters Corporation (NASDAQ:TRI) is included among the 13 Best NASDAQ Dividend Stocks to Buy Now.

On February 17, BofA analyst Curtis Nagle reinstated coverage of Thomson Reuters Corporation (NASDAQ:TRI) with a Neutral rating. The analyst set a $100 price target on the stock. The move came as part of the firm resuming coverage on 19 Information and Business Services companies. The analyst said the firm is “generally constructive” on the sector and expects average growth of 7% in revenue, 12% in EPS, and 11% in free cash flow in 2026.

Earlier, on February 5, Thomson Reuters reported higher fourth-quarter revenue, supported by strength across its legal, tax and accounting, and corporate segments. The results come as investors continue watching how artificial intelligence companies expand into markets that Thomson Reuters has long operated in.

The Toronto-based company also provided an encouraging outlook. It expects full-year 2026 revenue to grow between 7.5% and 8%, which is largely in line with Wall Street expectations. According to LSEG data, analysts are projecting revenue growth of 7.7% for the year. Thomson Reuters also announced a dividend increase, raising its annualized payout by 10% to $2.62 per common share. For the fourth quarter, revenue rose 5% to $2 billion, matching analyst estimates.

Thomson Reuters Corporation (NASDAQ:TRI) operates as a content and technology company. Its Legal Professionals segment serves law firms and government clients, offering research and workflow tools powered by advanced technologies, including generative artificial intelligence.

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Disclosure: None.