Pearson: new CEO, Crédit Suisse raises target

(CercleFinance.com) - The latest annual results from the Pearson group show a 10% decline in activity, whilst Crédit Suisse anticipated a fall of 8.
7%. Three of the four divisions of the group in fact presented negative results, compared to only one last year.

Crédit Suisse indicates that the arrival of a new CEO next week could lead to potential sales that might improve organic growth and consolidate the company.

Although Crédit Suisse maintains its 'underperform' rating, the analyst nevertheless increases its target price to 520p compared to 500 previously.

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