Movement Alert｜Thomson Reuters Intraday Rise 5.97% in Regular Trading, Jefferies Initiates Coverage With Buy Rating

Market Focus00:18

On October 23, Thomson Reuters rose 5.97% in Regular Trading, trading near $122.75 per share, with turnover of $113 million.

The clearest catalyst was Jefferies initiating coverage on October 20 with a Buy rating and a price target of CA$182.70, providing a direct positive trigger for sentiment.

Supporting context has also improved. Thomson Reuters completed the sale of a majority stake in its Global Print business while retaining intellectual property and editorial control, launched its proprietary Thomson large language model with a reported $40 million investment, introduced a new version of CoCounsel Legal, and previously reported quarterly results above expectations with raised full-year growth guidance, reinforcing expectations for AI commercialization and core professional information services growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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