Thomson Reuters price target lowered to $140 from $160 at Wells Fargo

Wells Fargo lowered the firm’s price target on Thomson Reuters (TRI) to $140 from $160 and keeps an Overweight rating on the shares. The firm notes info services sold off on AI concerns following Gartner’s (IT) Q4 earnings and Anthropic entering legal workflows. Wells believes many of the stock moves are unwarranted and sees compelling buying opportunities in info services companies with proprietary data.