The Share price of Pearson (PSON.L) the publishing group this morning rebounded slightly after yesterdays big falls on the back of news that Los Angeles second largest school district (LAUSD) is cancelling a $1.3Bln project based on Apple ipads using Pearsons course material. LAUSD is also thought to be considering legal action against Apple as the content does not meet its requirements.
Brokers, including Westhouse Securities have been quick to reiterate SELL ratings on the stock. Westhouse citing “scope for further share price weakness”
Commenting analysts at Westhouse said “We maintain our long-standing concerns regarding the risks attached to contract renewals and the execution risk inherent in its far-reaching transformation into a digital learning company,”
Westhouse currently has a target price on the shares of Pearson (PSON.L) of 1185p.
Pearson (PSON.L) is currently nearly 1% up today trading around 1389p.
The Share price of Pearson (PSON.L) the publishing group this morning rebounded slightly after yesterdays big falls on the back of news that Los Angeles second largest school district (LAUSD) is cancelling a $1.3Bln project based on Apple ipads using Pearsons course material. LAUSD is also thought to be considering legal action against Apple as the content does not meet its requirements.
Brokers, including Westhouse Securities have been quick to reiterate SELL ratings on the stock. Westhouse citing “scope for further share price weakness”
Commenting analysts at Westhouse said “We maintain our long-standing concerns regarding the risks attached to contract renewals and the execution risk inherent in its far-reaching transformation into a digital learning company,”
Westhouse currently has a target price on the shares of Pearson (PSON.L) of 1185p.
Pearson (PSON.L) is currently nearly 1% up today trading around 1389p.
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