Barclays upgraded Relx (RELX) to Overweight from Equal Weight with a price target of 4,275 GBp, up from 4,220 GBp. The company “offers reliable growth in an environment where relative safe havens may be needed,” the analyst tells investors in a research note. The firm sees “only” a 7% earnings hit to Relx’s earnings in a 2008-2009-style recession, potential upside to its 6.5%-7.0% organic growth estimate over time. The shares are not cheap versus history but not out of line with info services peers, contends Barclays.
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Read More on RELX:
- Relx price target raised to 4,220 GBp from 4,150 GBp at Barclays
- Relx (RELX) Announces Q2 Dividend: Read On for Important Dates
- Relx PLC’s Earnings Call Highlights Robust Growth and Strategic Progress
- Relx price target raised to 3,909 GBp from 3,516 GBp at Deutsche Bank
- Relx price target raised to 4,610 GBp from 4,290 GBp at Morgan Stanley
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