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Thomson Reuters price target lowered to C$280 from C$308 at BMO Capital

BMO Capital analyst Tim Casey lowered the firm’s price target on Thomson Reuters (TRI) to C$280 from C$308 and keeps an Outperform rating on the shares after its in-line Q3 revenue and EBITDA beat. The company’s Big-3 organic revenue growth was up 9%, margins improved strongly with operating leverage, though its FY25 organic revenue growth is trending to the low-end of guide, reflecting temporary and fixable impacts with acceleration expected in FY26, the analyst tells investors in a research note.

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