Scotiabank Lowers Thomson Reuters (TRI) Price Target to $189 but Maintains Outperform Rating

Core Insights - Thomson Reuters Corporation (NASDAQ:TRI) is recognized as one of the 13 Best Canadian Dividend Stocks for long-term investment [1] - Scotiabank has lowered its price target for Thomson Reuters to $189 from $200 while maintaining an Outperform rating, citing concerns over competition from AI startups and pressure in the government solutions division [2] - The company reported third-quarter 2025 revenue of $1.78 billion, a 3.36% increase year-over-year, and operating profit of $593 million, up 43% year-over-year [3] - Thomson Reuters' major segments achieved organic revenue growth of 9%, contributing to 82% of total revenue, driven by advancements in AI offerings [4] - The company provides specialized information-enabled software and tools for professionals, supported by its global news service, Reuters [5] Financial Performance - In Q3 2025, Thomson Reuters generated $1.78 billion in revenue, exceeding expectations by $2.8 million, with a year-over-year growth of 3.36% [3] - Operating profit for the quarter reached $593 million, reflecting a significant increase of 43% year-over-year, aided by the sale of a minority stake in the Elite business [3] - Operating cash flow for the quarter totaled $704 million [3] Business Segments - The Big 3 segments of Thomson Reuters delivered organic revenue growth of 9% and accounted for 82% of total revenue [4] - The company highlighted the positive impact of its agentic AI offerings, such as CoCounsel Legal and CoCounsel for tax, audit, and accounting, which are transforming professional workflows [4]