12:53 PM EDT, 03/13/2024 (MT Newswires) -- After outlining its 2024-2026 guidance on February 8, Thomson Reuters ( TRI ) held its triennial Investor Day to help explain the steps being taken to achieve its outlook which involves a year of greater investment in 2024 ahead of an acceleration in organic growth and renewed margin expansion, notes National Bank.

Analyst Adam Shine writes that TRI is "positioned well to capitalize on rising regulatory complexity and generative AI (GAI)." Doing better than guidance is not a given and will be predicated on the rate of GAI adoption, the ability to improve net promoter scores and retention rates, executing on strategic M&A, and iterating pricing, he adds.

"While strong execution persists and management has a clear plan ahead, the stock got ahead itself in recent months, and we look for a better buying opportunity."

Maintain Underperform, $210 target.

Price: 210.05, Change: -3.67, Percent Change: -1.72