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(CercleFinance.com) – Pearson is down 3% in London, led by UBS which downgrades its recommendation directly from ‘buy’ to ‘sell’, with an adjusted target price of 741 to 730 pence, on the share of the British education publishing group.
We still believe that Pearson can grow in the medium term, but at 23 times EPS expected for 2021, we still see negative catalysts this year, » said the broker, who also points to the recent strong performance of the share price.
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