Morgan Stanley lowered the firm’s price target on Thomson Reuters (TRI) to $116 from $165 and keeps an Equal Weight rating on the shares. AI is front and center for Thomson Reuters, as large AI competitors expand their offerings in Legal, leading investors to question growth sustainability, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRI:
- Thomson Reuters: Resilient Growth, Fortress Balance Sheet, and Mispriced Valuation Support Buy Rating
- Thomson Reuters price target lowered to $126 from $155 at RBC Capital
- Thomson Reuters price target lowered to $156 from $189 at Scotiabank
- Thomson Reuters price target lowered to $165 from $275 at BMO Capital
- Thomson Reuters price target raised to $131.50 from $130 at Canaccord