Citi opens 90-day ‘positive catalyst watch’ on Pearson shares
![Pearson | Sharecast graphic / Josh White dl pearson plc pson consumer discretionary media media publishing ftse 100 premium 20230403 1556](https://img4.s3wfg.com/web/img/images_uploaded/7/4/dl--pearson-plc--pson--consumer-discretionary--media--media--publishing--ftse-100--premium--20230403-1556_620x350.jpg)
Pearson
1,355.00p
16:44 17/02/25
0.82%
11.00p
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
FTSE 100
8,768.01
16:49 17/02/25
n/a
n/a
FTSE 350
4,805.19
16:59 17/02/25
n/a
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FTSE All-Share
4,753.94
17:14 17/02/25
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Media
14,033.17
16:59 17/02/25
-0.38%
-53.25
"While we think new CEO Omar Abbosh’s business and strategic update in July will formally signal a pivot from value to growth for Pearson, lengthening its duration as an investment, we don’t see major earnings risk and note leverage-neutral valuation is toward decade lows," the bank said.
"Accordingly, we think overall risk/reward is attractive (base case 1170p but upside to 1550p on best case)."
The bank maintained its ‘buy’ rating on the shares.
At 0950 BST, the shares were up 1.9% at 959.20p.