Market Overview

UPDATE: Bank Of America Reinstates Coverage On Pearson PLC (ADR) On Good Upside Potential

Share:
Related PSO
Benzinga's M&A Chatter for Wednesday August 12, 2015
US Stock Futures Point To Lower Open

In a report published Friday, Bank of America analyst Ruchi Malaiya reinstated coverage on Pearson PLC (ADR) (NYSE: PSO) with a Buy rating and $22.22 price target.

In the report, Bank of America noted, “We see Pearson as uniquely positioned as a global educational publishing and services provider and believe the market underestimates the importance of Pearson's strong salesforce relationships and improving student penetration in supporting a successful transition to digital in US Higher Education. In the meantime w e see focus shifting to the potential cyclical rebound in US Schools and Emerging Market growth opportunity, which we expect to support strong EPS growth over the next five years.”

Pearson PLC closed on Thursday at $18.16.

Latest Ratings for PSO

DateFirmActionFromTo
Jul 2015BerenbergDowngradesHoldSell
Apr 2015JefferiesDowngradesBuyUnderperform
Mar 2015NomuraUpgradesReduceNeutral

View More Analyst Ratings for PSO
View the Latest Analyst Ratings

Posted-In: Bank of America Ruchi MalaiyaAnalyst Color Initiation Analyst Ratings

 

Related Articles (PSO)

View Comments and Join the Discussion!

Get Benzinga's Newsletters