Charles Stanley Downgrades Pearson After Soft Set of Full Year Results - Pearson (NYSE:PSO)

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Charles Stanley has published a research report where it downgraded Pearson (NYSE: PSO) from an Accumulate to a Hold impacted by tough operating conditions. In the report Charles Stanley wrote, "Pearson reported a soft set of full year results, impacted by tough operating conditions, unfavourable exchange rates and disposal of the 50% stake in FTSE International (the financial indices business). New Chief Executive, John Fallon, stamped his mark on the business by announcing a restructuring programme, which will accelerate the shift of Pearson's education business towards digital and faster growth emerging markets."Pearson closed Monday at $17.82.

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