Pearson: stock up as UBS upgrades to 'buy'
(CercleFinance.com) - British education book publisher Pearson shares are up around 2% on Friday as UBS upgraded its recommendation from "neutral" to "buy".
UBS now expects Pearson's US higher education courseware revenues to stabilise in 2021. It also raises its 2021 earnings estimate by 6% and has upped its target price to 1,000 pence from 915 pence.
The Pearson shares are currently up 1.8% at 879.2 pence, outperforming a pretty flat FTSE 100 index.
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