BofA analyst Adrien de Saint Hilaire upgraded Pearson (PSO) to Buy from Underperform with a price target of 895 GBp, up from 885 GBp. Chegg’s (CHGG) Q1 report, citing the negative impact of ChatGPT on its outlook, led to a selloff across the education space as broader AI disruption fears came into focus, the analyst tells investors. However, the read-across to Pearson "feels overly harsh" and the firm similarly defends its Buy rating on Relx (RELX), on which is has a 2,920 GBp price target.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PSO:
- Pearson price target raised to 950 GBp from 915 GBp at Barclays
- Pearson names Tony Prentice as Chief Product Officer
- Pearson upgraded to Outperform from Neutral at Exane BNP Paribas
- Pearson price target lowered to 980 GBp from 1,000 GBp at Credit Suisse
- Pearson price target raised to 1,230 GBp from 1,200 GBp at JPMorgan
