Pearson PLC (LSE:PSON) has seen its share price target nudged higher by US bank Citi, which see the education specialist has a resilient business model in the current uncertainty.
The earnings profile should be able to stand firm almost regardless of the macro outlook and cash returns should also offer an element of technical support, said the broker.
“More excitingly, we think there is significant long-term upside potential from secondary market recapture in Higher Ed and Enterprise Learning, which could add 30% plus to earnings per share.”
Buy with a slightly increased target price of 1000p, is the broker’s conclusion.
Shares rose 0.8% to 658.3p.