Barclays analyst Manav Patnaik lowered the price target for Thomson Reuters from $210 to $170. This adjustment represents a 19.05% reduction in the firm's valuation.
Despite the lower target, Barclays maintained its Overweight rating on the stock. The firm projects a potential upside of over 100% from current trading levels.
Thomson Reuters shares are currently trading below their 50-day and 200-day moving averages. The stock declined further during intraday trading following the announcement.