Pearson - Deutsche Bank slashes price target
The influential media team at Deutsche Bank has cut its price target for the stock by 130p to 600p.
Company
LON:PSON
Pearson is an international media company with market-leading businesses in education, business information and consumer publishing.
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The influential media team at Deutsche Bank has cut its price target for the stock by 130p to 600p.
Investments and investor services
London's FTSE 100 hit reverse gear as the pound recovered a little of its mojo
The group dismayed investors with plans to cut the dividend payout
The best of the share price rises and falls in London at 3.30pm
Along with recalibrating earnings guidance, it unveiled plans to cut the dividend and potentially offload its stake in Penguin Random House.
FTSE 100 shares closed higher on Wednesday, in spite of investors dumping shares in educational publisher Pearson
Investments and investor services
UK stocks ended higher on Tuesday but off their day’s best as speculation mounted over a December US rate hike
FTSE 100 stocks shed nearly 100 points on Friday, as a combination of strong sterling, weak construction data and a sell-off by majors on Wall Street left the London market only slightly higher on the week
London's FTSE 100 closed sharply lower on Wednesday as Standard Chartered topped the losers' list for a second successive session, while markets grew jittery about a possible Donald Trump electoral victory
The stock has been downgraded in the face of some fairly tough trading conditions.
Archive
A look at some analyst views on Tuesday morning
FTSE 100 shares managed to close higher on Tuesday and hold onto the 7,000 mark – just. The blue-chip ticker ended up 0.8%, or 52 points, at 7,000.06 in what looked like a photo finish
A look at some of the most popular trending stories on the internet on Monday
Pearson was hammered by investors, analysts and pretty much anybody on Monday after sales failed to pick up in the third quarter
No profit warning - yet - but the group is having to cut costs hard to remain on track and there is a limit to cost-cutting
Investments and investor services
FTSE 100 shares were dragged lower by education publisher Pearson on Monday which plunged as much as 11% after it reported falling sales amid "challenging" trading
The collapse of sterling will have been a boon to both retailers
Morgan Stanley doesn't believe Pearson will publish another earnings alert, so it sees the shares as too cheap to ignore.
Investments and investor services
The FTSE 100 index surpassed its all-time closing high during the day but could not sustain it
Archive
ITV and Inmarsat were the only two media and telecoms firms downgraded by Barclays in its latest note on the industry