Thomson Reuters (TRI) Maintains Strength in Legal Research Market [Yahoo! Finance]
Thomson Reuters Corp - Common Shares (TRI)
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Source: Yahoo! Finance
Thomson Reuters Corporation (NASDAQ:TRI) to Equal Weight from Overweight and cut its price target to $95 from $120, citing increased competition in the legal research industry. Wells Fargo claimed AI-driven startups like Midpage are aiming to mimic Thomson Reuters' Westlaw library, which accounts for roughly 25% of the company's total revenue. Wells Fargo stated that while the startups are effective at extracting updated case law, Westlaw's historical coverage and depth, which are regarded as the “gold standard” by many lawyers, remain difficult to reproduce. In that regard, the firm added that it sees no genuine risk to Westlaw. The firm cautioned that news regarding new players in the legal research industry could dampen investor enthusiasm. Wells Fargo noted increased turnover risk among small law firms, which account for around 24% of legal revenue. Thomson Reuters Corporation (NASDAQ:TRI) operates as a content and technology company across the Americas, Europe, the Middle E
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News
- Thomson Reuters First Quarter 2026 Earnings Announcement and Webcast Scheduled for May 5, 2026PR Newswire
- Insights on Asia: More from The Globe and Mail [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Smokeball and Thomson Reuters Partner to Create the Premier Legal Technology EcosystemPR Newswire
- Thomson Reuters (TRI) had its "equal weight" rating reaffirmed by Wells Fargo & Company. They now have a $95.00 price target on the stock, down from $120.00.MarketBeat
- Thomson Reuters Files Documents for Proposed Return of Capital and Share Consolidation TransactionsPR Newswire
TRI
Earnings
- 2/5/26 - Beat
TRI
Sec Filings
- 3/16/26 - Form 144
- 3/16/26 - Form 144
- 3/16/26 - Form 6-K
- TRI's page on the SEC website