CIBC Reaffirms Thomson Reuters (TRI) Outperform Rating Amid Strategic AI Expansion
CIBC reaffirmed its Outperform rating for Thomson Reuters (TRI) while the company expands its AI capabilities in compliance and legal sectors.Summary
CIBC reaffirmed its Outperform rating for Thomson Reuters Corporation (NASDAQ:TRI), lowering the price target from $198 to $183. This reaffirmation comes as Thomson Reuters strategically expands its presence in the artificial intelligence space. On January 16th, the company launched ONESOURCE Sales and Use Tax AI, a software designed to automate sales and use tax compliance for US firms. Further demonstrating its commitment to AI, Thomson Reuters recently introduced CoCounsel Legal in the United Kingdom on January 26th, integrating agentic AI capabilities into its Westlaw and Practical Law platforms, following its initial US launch. Thomson Reuters operates globally through five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. While acknowledging Thomson Reuters’ growth potential, the analysis suggests other AI stocks may offer greater returns and lower risk.
(Source：Insider Trading)
