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Stock impact report

This TSX stock fought its way back from the AI software rout and may have 'strong growth prospects' [Yahoo! Finance Canada]

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
Stock of the week: Thomson Reuters Corp. Thomson Reuters Corp. (TRI:TSX) added this week to its nearly 35 per cent rebound from early February, more than gaining back the losses it suffered when it got caught in the recent artificial intelligence -related software rout. TD Cowen analysts led by Vince Valentini reconfirmed the company as a top pick and had a price target of $175 in a March 3 note based on the results of a survey of 100 U.S.-based law firms to assess their use of generative AI services. Shares closed Friday at $151.44. Thomson Reuters got swept up in a software stock selloff after AI company Anthropic released a set of tools markets believed would erode the business of legal software and publishing companies. However, based on the survey results, TD thinks Toronto-based Thomson Reuters can benefit more from AI than be hurt by it and that “new AI players are not disrupting its legal service.” TD said, “We believe the selloff in Thomson Reuters is overdone,” adding, “W Show less Read more
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