The Globe and Mail reports in its Friday, Aug. 8, edition that while investors were not impressed with the second quarter report from Thomson Reuters, pushing its TSX-listed shares lower by 10.1 per cent on Wednesday, TD Cowen analyst Vince Valentini thought the results were "solid," topping his estimates and leading him to believe "it can exceed 2025 margin guidance (despite no raise)." The Globe's David Leeder writes that Mr. Valentini continues to rate Thomson Reuters "hold." Mr. Valentini's share target tumbled $35 to $275. Mr. Valentini says in a note: "The stock dipped because no new 2026/2027 targets were provided (those will come with time in our view), and because a few comps have been weak recently. Thomson Reuters looks less expensive now, but not enough [to change our rating]. ... There is a clear pattern in our view of management being prudent and cautious with quarterly margin guidance, so we are leaving our Q3/25 margin estimate at 37 per cent, despite management guiding to only 36 per cent owing to the timing of opex and integration costs. Annual margin forecasts remain above guidance. We continue to believe that management is being conservative with its margin guidance for both 2025 and 2026."