Informa PLC (LSE:INF) first-half results should confirm solid operational momentum at the event's giant, especially in terms of organic growth, says Citi.
There is also decent scope for an upgrade to guidance, suggests the US bank, especially if the group can deliver more value from AI-licensing deals and/or signal improved momentum in tech.
“Overall we think Informa's growth/return profile is undervalued, certainly relative to the group's European professional information peers (Informa on 12 times prospective EV/EBITDA versus RELX on 20 times).”
Buy says Citi.
Results are due on 24 July.