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CIBC Reaffirms Thomson Reuters (TRI) Outperform Rating Amid Strategic AI Expansion
Yahoo Finance· 2026-01-30 14:10
Core Insights - Thomson Reuters Corporation (NASDAQ:TRI) is recognized as one of the promising stocks in the QQQ index according to hedge funds, with an Outperform rating reaffirmed by CIBC's Robert Bek, although the price target has been lowered from $198 to $183 [1] Group 1: Product Developments - To enhance its compliance sector, Thomson Reuters launched ONESOURCE Sales and Use Tax AI on January 16, aimed at automating sales and use tax compliance for US firms [2] - The company made significant advancements in legal AI by introducing CoCounsel Legal in the UK on January 26, integrating agentic AI capabilities into its Westlaw and Practical Law offerings, following its US launch last year [3] Group 2: Company Operations - Thomson Reuters operates as a content and technology company across various regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print [4]