Barclays Cuts Thomson Reuters (TRI) Target, Says AI Narrative Still Dominates

Thomson Reuters Corporation (NASDAQ:TRI) is included among the 13 NASDAQ Stocks with Highest Dividends.

Barclays Cuts Thomson Reuters (TRI) Target, Says AI Narrative Still Dominates

On April 10, Barclays analyst Manav Patnaik lowered the firm’s price recommendation on Thomson Reuters Corporation (NASDAQ:TRI) to $170 from $210. It reiterated an Overweight rating on the shares. The firm said that even if Q1 results across the information services sector “show resiliency, this is unlikely to cut through the AI narrative and mark a turning point for the sector.” It added that investor focus is likely to stay on company outlooks, especially with geopolitical uncertainty not fully reflected in initial guidance.

On March 23, Wells Fargo analyst Jason Haas downgraded Thomson Reuters to Equal Weight from Overweight, with a price target of $95, down from $120. The firm said its channel checks point to rising competition in legal research. While it does not see “meaningful displacement risk” to Westlaw, it noted that headlines around new startups entering the space could weigh on investor sentiment.

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

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