Analysts at RBC Capital Markets and TD Securities lowered their price targets on Thomson Reuters Corp. (TRI.TO, TRI).

The Canadian multinational content-driven technology conglomerate reported quarterly results on Thursday.

The stock declined $6.92, or 5.4%, to $120.95 on the Toronto Stock Exchange.

RBC analyst Drew McReynolds reduced his target on TRI to US$126 from US$155, and maintained a Sector Perform rating.

"Q4/25 results were in line with our forecast while the 2026 outlook was reiterated as expected," McReynolds said in a note to clients.

"Although another reduction in our target multiple (from 18.5x to 15.0x) and price target acknowledges a further widening in the gap between public market valuations and intrinsic values given the evolving AI disruption narrative, we do expect the stock to finally find a firmer floor at current levels," the analyst said.

TD analyst Vince Valentini lowered his target to $175 from $285, and maintained a Buy rating.

"We believe the selloff in TRI shares is overdone, and we are moving it to top pick in our coverage universe, despite resetting our target multiple much lower to reflect weakness for most software services comps," Valentini said in a note to clients.

"Q4 results (just as in Q3) showed no signs of disruption from new AI competitors," the analyst said.

"Management reiterated 2026 guidance and confident messaging about growth in 2027 and beyond."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)