UBS announces a reduction in its forecasts ahead of the first-half results. However, the analyst confirms his Buy recommendation on the stock, with a target of 1130 pence, representing a potential upside of 14%.

' Pearson faces near-term challenges, and we cut EPS on 2024 by -2%, but we remain Buy due to forecasts for 2025 and expect the shares to appreciate in value. First-half results could be challenging' says UBS.

' The reduction in earnings mainly reflects higher-than-expected financial expenses in 2024. We believe that organic growth is achievable in 2024, but note that there is a downside risk' says UBS.

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