RBC Capital analyst Drew McReynolds lowered the firm’s price target on Thomson Reuters (TRI) to $126 from $155 and keeps a Sector Perform rating on the shares after its in-line Q4 results. The firm acknowledges a further widening in the gap between public market valuations and intrinsic values given the evolving AI disruption narrative but also expects the stock to finally find a firmer floor at current levels, the analyst tells investors in a research note.
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