TRI is trading at $95.80 (-4.11%) in after-hours as broad market weakness and analyst price target cuts outweigh a major share repurchase announcement.
- The company announced a $600M buyback program starting February 27, part of a larger $1.2B shareholder return plan approved by the TSX.
- Analysts slashed the average price target by 22.64% to $135.14, citing mounting concerns over AI disruption in the legal technology sector.
- The stock's decline aligns with a wider market sell-off, with the S&P 500 and Nasdaq falling 0.99% and 1.18%, respectively.