Pearson: UBS shies away, double-downgrading stock
(CercleFinance.com) - UBS has downgraded its rating on the share of British educational publisher Pearson directly from "buy" to "sell", having reduced it target price from 741 pence to 730 pence, which suggests downside potential of 10%.
"We still believe PSON can grow medium term, but at 23x 2021E EPS, we see negative catalysts in 2021," the analyst says, who also points out the share price's recent strong performance.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.