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01 Jul 2021
Striking back
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Striking back
RELX PLC (REL:LON) | 3,422 -205.3 (-0.2%) | Mkt Cap: 64,311m
- Published:
01 Jul 2021 -
Author:
Kassab Sami SK -
Pages:
38
Underwhelming quarters, underwhelming prospects, underwhelming consensus numbers - hasn''t Relx become just a little bit... pedestrian? Not at all: lift up the bonnet and this is a company whose engine is starting to purr.
We refresh our analysis to uncover new promise in Risk and Business Analysis, while we also find brightening prospects at Exhibitions. To add to the good news, some of the threats to STM are looking weaker than before.
As the horizon starts to clear, and it looks like summer is finally coming for Relx, we call a double positive surprise: rapid rebound at RBA and accelerating take-up at Exhibitions. We upgrade to Outperform on a target price of 2250p.