Lexis-Nexis Shares Rise 3.3% in a Day
The FT market indexes yesterday were moved by a report from analysts Exane BNP Paribas that suggested that growth in the North American legal information market had resumed. EBP raised its rating on the publishing group to “outperform”, saying that its industry contracts suggested that sales growth had resumed in the American legal information market.
Reuters summarized the report:
Target prices for Reed Elsevier are reckoned to be up by 36 percent, to 600 pence for the UK-listed shares and to 10 euros for the Dutch-listed stock after 16 percent relative underperformance in the year-to-date.
The broker says concerns . . . [more]
