Pearson: Credit Suisse lowers its price target – 01/16/2023 at 15:13

(CercleFinance.com) – While maintaining its ‘neutral’ position on Pearson, Credit Suisse lowers its price target from 1045 to 1000 pence, taking into account current exchange rates leading it to reduce its adjusted EPS expectations for the publishing group in 2022 and 2023.

The broker nevertheless believes that the point of activity scheduled for January 18 is likely to show strong revenue growth: it thus anticipates annual organic growth of 6.4% (against a consensus of 4.7%), after a growth at nine months of 7%.

“Given the group’s prudent policy in terms of budgeting and targets, it is also highly likely that the adjusted operating profit will exceed the consensus and our estimate, by 443 million pounds,” adds Credit Suisse.

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