(CercleFinance.com) – Pearson drops 5% in London, weighed down by comments from UBS downgrading its recommendation from ‘neutral’ to ‘sell’ on the title of the educational and professional publishing group, with a price target maintained at 620 pence.
“Our new model predicts that registrations will fall faster in 2022 than in 2021”, explains the broker, which reduces its EBIT estimate for the 2022 financial year by 4% and now displays forecasts below the consensus.
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