Thomson Reuters price target lowered to $170 from $210 at Barclays

Barclays analyst Manav Patnaik lowered the firm’s price target on Thomson Reuters (TRI) to $170 from $210 and keeps an Overweight rating on the shares. The firm says that even if the Q1 reports in the information services sector “show resiliency, this is unlikely to cut through the AI narrative and mark a turning point for the sector.” Investor focus will remain on the outlooks, given the added geopolitical noise not reflected in the initial guides, the analyst tells investors in a research note.