Last checked at 
(Sharecast News) - Pearson rallied on Thursday as Exane BNP Paribas upgraded its stance on shares of the education publisher to 'outperform' and hiked the price target to 950p from 700p.
Exane said it reckons Pearson will succeed in scaling its up direct-to-consumer and D2C educational tech revenues as it progresses in its asset reshuffling.
"This should accelerate its top line growth and drive margin expansion," Exane said. "While not quite the Amazon of education, we believe Pearson Ed Tech assets deserve a re-rating."
As such, Exane said it has updated its sum-of-the-parts price target to reflect the valuation upside in these assets.
"Despite the recent share price rally as the market prices in the strategic reshuffling, we think further upside can be had once management increases disclosure on D2C revenue trends."
At 1315 BST, the shares were up 2.9% at 830.60p.
23 Feb 2024 12:25
UK earnings, trading statements calendar - next 7 days
| Monday 26 February | |
| Base Resources Ltd | Half Year Results |
| Bunzl PLC | Full Year Results |
| EnSilica PLC | Half Year Results |
| Kosmos Energy Ltd | Full Year Results |
| Made Tech Group PLC | Half Year Results |
| Tristel PLC | Half Year Results |
| Tuesday 27 February | |
| abrdn Equity Income Trust PLC | Full Year Results |
| abrdn PLC | Full Year Results |
| Croda International PLC | Full Year Results |
| Kitwave Group PLC | Full Year Results |
| McBride PLC | Half Year Results |
| PCI-PAL PLC | Half Year Results |
| Smith & Nephew PLC | Full Year Results |
| Synectics PLC | Full Year Results |
| Uniphar PLC | Full Year Results |
| Unite Group PLC | Full Year Results |
| Wednesday 28 February | |
| AB Dynamics PLC | Trading Statement |
| ASA International Group PLC | Trading Statement |
| Aston Martin Lagonda Global Holdings PLC | Full Year Results |
| Avingtrans PLC | Half Year Results |
| Bluefield Solar Income Fund Ltd | Half Year Results |
| Derwent London PLC | Full Year Results |
| Glenveagh Properties PLC | Full Year Results |
| Grit Real Estate Income Group Ltd | Half Year Results |
| Harmony Energy Income Trust PLC | Full Year Results |
| Hutchmed China Ltd | Full Year Results |
| International Personal Finance PLC | Full Year Results |
| Just Eat Takeaway.com NV | Full Year Results |
| Malin Corp PLC | Full Year Results |
| Primary Health Properties PLC | Full Year Results |
| Reckitt Benckiser Group PLC | Full Year Results |
| Renewables Infrastructure Group Ltd | Full Year Results |
| RHI Magnesita NV | Full Year Results |
| St James's Place PLC | Full Year Results |
| Taylor Wimpey PLC | Full Year Results |
| Thursday 29 February | |
| Cairn Homes PLC | Full Year Results |
| CVS Group PLC | Full Year Results |
| Drax Group PLC | Full Year Results |
| Faron Pharmaceuticals Ltd | Full Year Results |
| Haleon PLC | Full Year Results |
| Hammerson PLC | Full Year Results |
| Howden Joinery Group PLC | Full Year Results |
| Hunting PLC | Full Year Results |
| International Biotechnology Trust PLC | Full Year Results |
| London Stock Exchange Group PLC | Full Year Results |
| Macfarlane Group PLC | Full Year Results |
| Man Group PLC | Full Year Results |
| Mobico Group PLC | Full Year Results |
| Nexus Infrastructure PLC | Full Year Results |
| Ocado Group PLC | Full Year Results |
| PPHE Hotel Group Ltd | Full Year Results |
| Schroder Oriental Income Fund Ltd | Full Year Results |
| Schroders PLC | Full Year Results |
| Serco Group PLC | Full Year Results |
| Shaftesbury Capital PLC | Full Year Results |
| Spectris PLC | Full Year Results |
| Spire Healthcare Group PLC | Full Year Results |
| Vesuvius PLC | Full Year Results |
| Weir Group PLC | Full Year Results |
| Friday 1 March | |
| IMI PLC | Full Year Results |
| Pearson PLC | Full Year Results |
| Rightmove PLC | Full Year Results |
| Tritax Big Box REIT PLC | Full Year Results |
| Comments and questions to newsroom@alliancenews.com | |
| A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional. | |
| Copyright 2024 Alliance News Ltd. All Rights Reserved. | |