** U.S. shares of Thomson Reuters Corp TRI.O spiking 9% to a record high on Monday, with analysts pointing to potential inclusion of the Canadian co in the Nasdaq 100 .NDX index
** Driving Mon's speculation, China's market regulator conditionally approved U.S. chip design software provider Synopsys' SNPS.O acquisition of engineering design firm Ansys ANSS.O, clearing the last significant regulatory hurdle for the $35 bln buyout
** A completed merger would open a spot in the Nasdaq 100 that could be filled by TRI, analysts said. Cos joining major indices often see spikes in demand for their shares from index funds
** Nasdaq 100 tracks performance of the 100 most largest Nasdaq-listed non-financial cos. Inclusion is based on a range of criteria
** TRI's Canada-listed shares on track for biggest daily pct gain since Feb 2021
** TRI in Feb moved its U.S.-listed stock Nasdaq from NYSE
** With Mon's surge TRI now up 36% YTD
** 17 analysts cover TRI, on avg rating it 'hold'. Its median PT is $186.50, which is 14% below its current price of $217.73
** Before Mon's surge, TRI traded at 24 times expected earnings, vs its five-yr avg forward PE of 20, per LSEG
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.