Barclays analyst Nick Dempsey downgraded Relx to Equal Weight from Overweight with a 2,585 GBp price target. The analyst sees a potentially "calmer" 2023 for the European media stocks and some value in more cyclical names. The downgrade of Relx reflects more estimate upside potential at peers.
Published first on TheFly
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Read More on RELX:
- Relx price target raised to 2,810 GBp from 2,730 GBp at JPMorgan
- Relx downgraded to Neutral from Buy at Goldman Sachs
- Relx price target lowered to 2,800 GBp from 2,828 GBp at Credit Suisse
- Relx price target lowered to 2,950 GBp from 3,020 GBp at Morgan Stanley
- Relx price target raised to 2,730 GBp from 2,710 GBp at JPMorgan
