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.
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