Market Overview

UPDATE: Barclays Upgrades Pearson plc to Equal-Weight on Sentiment, Valuation

Share:
Related PSO
Top Performing Industries For February 27, 2015
Top 4 Stocks In The Publishing-Books Industry With The Highest ROE
Pearson's (PSO) CEO John Fallon on Q4 2014 Results - Earnings Call Transcript (Seeking Alpha)

Barclays upgraded Pearson plc (NYSE: PSO) from Underweight to Equal-weight.

Barclays noted, "Pearson's relative P/E has fallen from a 50% premium to the European Market in January 2012 to a 13% premium now (vs 25% on average since 2002). While partly due to a market rally, this is also because operational disappointments have driven a derating. Post a small warning at the FY12 trading update and consensus downgrades, we believe sentiment on Pearson has reduced. We also believe that without Melorio, and with Penguin set to be combined with Random House, it will be easier to avoid disappointments in 2013."

Pearson plc closed at $18.63 on Wednesday.

Latest Ratings for PSO

DateFirmActionFromTo
Mar 2015NomuraUpgradesReduceNeutral
Apr 2014JefferiesUpgradesHoldBuy
Jan 2014CitigroupUpgradesNeutralBuy

View More Analyst Ratings for PSO
View the Latest Analyst Ratings

Posted-In: BarclaysAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (PSO)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→