01:11 PM EDT, 10/23/2024 (MT Newswires) -- RBC continues to see attractive entry points for most stocks in its diversified media coverage, if the gradual improvements in advertising and content cycles continue and an economic hard landing is avoided. RBC's top ideas are VerticalScope ( VFORF ) , Cineplex ( CPXGF ) and Transcontinental (TCL-A.TO)

Thomson Reuters ( TRI ) (Sector Perform; US$171 price target, from US$168) made modest upward revisions to organic revenue growth guidance in the second quarter that analyst Drew McReynolds believes set the stage for +7%-8% consolidated growth in 2025E and 2026E. Thomson Reuters ( TRI ) is expected to continue to meet rising expectations.

With Q3/24 the seasonally strongest quarter for Spin Master ( SNMSF ) (Outperform; target lowered to $46 from $47) accounting for an estimated 38% and 58% of 2024 revenues and adjusted EBITDA, respectively, RBC believes the company largely remains on track to meet 2024 guidance with an estimated $46.7 million.

With Cineplex ( CPXGF ) (Outperform, $13 target) reporting solid Q3/24 box office revenues, the focus has shifted to the extent to which Cineplex Media and Cineplex Digital Media are benefitting from stronger box office and new contracts.

RBC expects continued YoY growth across most KPIs for VerticalScope ( VFORF ) (Outperform; $15 Price Target) and view the recent pullback as a buying opportunity.

Price: 10.20, Change: -0.10, Percent Change: -0.97