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0 0.000283109676688653 -0.00515259611573522 -0.0156276541532191 -0.00860653417133803 0.0120604722269407 0.0102485702961327 0.0114942528735632
Stock impact report

Thomson Reuters (TRI) Maintains Strength in Legal Research Market [Yahoo! Finance]

Thomson Reuters Corp - Common Shares (TRI) 
Last thomson reuters corp - common shares earnings: 2/25 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.thomsonreuters.com
Company Research 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 Show less Read more
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