(CercleFinance.com) – UBS raises its recommendation on Pearson from ‘sell’ to ‘neutral’ with a price target raised from 805 to 940 pence, a new target close to the current share price of the British educational publishing group .
“While we remain cautious about structural volume growth, we believe near-term results are supported by cost savings and price inflation factors,” the broker said ahead of fourth quarter results.
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