1110 GMT - Pearson should be able to deliver sustained growth and achieve its medium-term targets, but near-term growth triggers appear constrained, UBS analysts write. "While operational momentum remains solid, we see a less certain catalyst path from here and believe the current valuation fairly reflects the growth outlook," they say. UBS cuts its rating on the educational materials company's stock to neutral from buy, but keeps its target price at 13 pounds. Shares are down 0.4% at 12.72 pounds and 21% higher over the year to date.
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