Deutsche upgrades Relx to Buy on recent selloff

As previously reported, Deutsche Bank upgraded Relx (RELX) to Buy from Hold with a price target of 3,700 GBp, down from 4,072 GBp. The firm believes the recent de-rating of the shares provides an attractive entry point. Relx is a “high-quality, deep data,very well-invested technology business” with attractive organic growth and increasing margins, the analyst tells investors in a research note. The firm attributes the stock’s selloff to results at peers and concerns over artificial intelligence.