Analysts Lower Price Target On Pearson - Read Why - Pearson (NYSE:PSO)

Analysts re-rated education provider Pearson PLC PSO, lowering their price targets.
Berenberg analyst Sarah Simon upgraded Pearson to Hold from Sell with an unchanged price target of 590 GBP, implying a 4.1% downside.
The company's "hard landing" following its 9-month trading update suggests further share downside is now limited, Simon notes.
While the shares are "still not cheap, expectations for 2022 "should now be more moderate," Simon adds.
Credit Suisse analyst Matthew Walker upgraded Pearson to Neutral from Underperform with a price target of 680 GBP, down from 750 GBP, implying a 10.5% upside.
The analyst cites valuation for the upgrade following the 30% share price correction since the first half of 2021 results.
However, "execution risks remain high," Walker adds.
Barclays analyst Nick Dempsey lowered the price target on Pearson to 585 GBP from 660 GBP and reiterated an Underweight.
JPMorgan analyst Daniel Kerven lowered the price target on Pearson to 930 GBP from 960 GBP and affirmed an Overweight.
Price Action: PSO shares traded higher by 3.70% at $8.835 on the last check Tuesday.

Analysts Lower Price Target On Pearson - Read Why