Goldman Sachs resumed coverage of Pearson (PSO) with a Buy rating with a price target of 1,580 GBp, down from 1,640 GBp. The company is evolving into a high-quality growth compounder, delivering consistent mid-single digit organic growth with improving margins, driven by operating leverage, and the firm expects cash returns through progressive annual share buybacks given the strong balance sheet, the analyst tells investors in a research note.
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