Wells Fargo upgraded Thomson Reuters (TRI) to Overweight from Equal Weight with a price target of $212, up from $187. The stock’s valuation has contracted on “misplaced” artificial intelligence concerns, the analyst tells investors in a research note. The firm expects Thomson to benefit from AI, saying it should drive better pricing power and greater wallet share. Thomson’s legal organic constant currency growth should accelerate in the back half of 2025, driven by increased adoption of Westlaw Precision and Advantage, which are providing a pricing tailwind, contends Wells.
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