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Fly News Breaks for January 21, 2020
PSO
Jan 21, 2020 | 05:01 EDT
UBS analyst Adam Berlin downgraded Pearson to Neutral from Buy with a price target of 600 GBp, down from 820 GBp. The analyst says his thesis that the company could sustain its margins has not played out. Declines in U.S. higher education courseware are accelerating, while growth in other businesses is contributing limited incremental EBIT, Berlin tells investors in a research note.
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