Morgan Stanley analyst Luke Holbrook downgraded Pearson (PSO) to Equal Weight from Overweight with a price target of 1,300 GBp, up from 1,200 GBp. The share price rally “is deserved,” but leaves the stock fairly valued, the analyst tells investors in a research note. The firm says further upside relies on higher margins in Pearson’s higher educations and assessments segments. It thinks shares will “take a breather” and views Springer Nature as its preferred relative play.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSO:
- Pearson price target raised to 1,260 GBp from 1,250 GBp at Barclays
- Pearson price target raised to 1,465 GBp from 1,220 GBp at Citi
- Pearson CEO ‘encouraged’ by ‘commerical momentum’ of AI enhanced offerings
- Pearson reports FY24 underlying sales growth of 3%
- Pearson appoints Naseem Tuffaha as chief business officer