Deutsche Bank Downgrades Pearson PLC (PSO) to Hold; 45% on Eighteen Months...Taking Some Profits
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Price: $18.95 +2.05%
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Rating Summary:
2 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 24 | Down: 17 | New: 24
Trade PSO Now!
Deutsche Bank downgraded Pearson PLC (NYSE: PSO) from Buy to Hold.
Deutsche analyst said, "We still believe that the quality of the medium term story is generally strong (competitive lead, well invested, clear strategy, strong B/S). We think fiscal risk in the US business at least will shift to a positive in 2013/14 and curriculum change will help too. The longer term uncertainties (migration to digital primarily) are unlikely to become clear anytime soon. So this really is a valuation call - at 14x 2013 PE, against peers on 9x, and after substantial outperformance we think a pause for breath is likely."
For an analyst ratings summary and ratings history on Pearson PLC click here. For more ratings news on Pearson PLC click here.
Shares of Pearson PLC closed at $19.41 yesterday, with a 52 week range of $16.52-$20.08.
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Deutsche analyst said, "We still believe that the quality of the medium term story is generally strong (competitive lead, well invested, clear strategy, strong B/S). We think fiscal risk in the US business at least will shift to a positive in 2013/14 and curriculum change will help too. The longer term uncertainties (migration to digital primarily) are unlikely to become clear anytime soon. So this really is a valuation call - at 14x 2013 PE, against peers on 9x, and after substantial outperformance we think a pause for breath is likely."
For an analyst ratings summary and ratings history on Pearson PLC click here. For more ratings news on Pearson PLC click here.
Shares of Pearson PLC closed at $19.41 yesterday, with a 52 week range of $16.52-$20.08.
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