🔴 TRI trading down ~5% as stock goes ex-dividend, BofA cuts price target

TRI is trading lower at $83.22 (~5% down) on Wednesday, influenced by multiple factors beyond simple profit-taking.

• Ex-Dividend Date: The stock is trading ex-dividend today, May 20, for its quarterly cash dividend of approximately $0.655 per share, which typically causes the share price to drop by a similar amount.
• Analyst Action: On May 19, BofA Securities lowered its price target on TRI to $98 from $115, citing a more cautious outlook.
• Bearish Analysis: A new analysis published today highlighted that the "key AI bear case is not resolved yet," adding to negative sentiment.