Thomson Reuters Corp: Analyst Outlook and Market Context
Analyst Actions
National Bank of Canada
Target‑Price Adjustment: The bank reduced its 12‑month price target for Thomson Reuters (TRI:CA) from C$300.00 to C$190.00 on 3 Feb 2026.
Recommendation: The rating remains a Buy.
Rationale: Despite the lower target, the bank continues to view the company as a leading provider of information‑enabled software, news services, and professional‑services tools.
Other Analyst Coverage
No conflicting upgrades or downgrades were reported on 3 Feb 2026.
Market Activity
- Share Price: The stock closed at C$149.00 on 1 Feb 2026, near the 52‑week low of C$148.48.
- Price Range: The 52‑week high stands at C$299.24.
- Market Capitalization: C$67,382,317,056.
- Price‑Earnings Ratio: 28.71.
Industry Impact of AI Development
- On 3 Feb 2026, Anthropic launched a new AI tool designed to streamline routine legal tasks.
- The announcement triggered a sell‑off in legal‑data and professional‑services stocks, including Thomson Reuters and RELX.
- The market reaction was driven by concerns that AI could replace portions of research and legal workflows, potentially affecting revenue streams for firms that provide legal‑focused data and analytics.
Summary
National Bank’s revised target reflects a more conservative valuation while maintaining a positive stance on the company’s fundamentals. The recent AI‑related market turbulence in the legal‑services sector has temporarily weighed on Thomson Reuters shares, but the bank’s continued Buy rating suggests confidence in the company’s long‑term positioning within professional services and information technology.
