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Q: Hello,

Could comment on Tri.to recent slide, what is driving the drop?

Thank you
Asked by Delbert on September 19, 2025
5i Research Answer:

We have posted comments on this recently. The dip has largely related to the earnings miss in Q2 and AI concerns. But it has had six or seven bad days in a row now. There has been no negative news to explain the recent decline. TRI announced a new legal product this week and got an upgrade from Wells Fargo with the following summary: 

We received considerable pushback following our upgrade of TRI to Overweight, withmost concerns centered around valuation amid uncertainty of AI disruption risk. We're less concerned here and instead see TRI as well positioned to benefit from AI.

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