B2B Publishing
Reality Check: Reiterate OW on Informa, Caution on
UBM and Pearson; Near-Term Positive View on Reed
- Corrected Note supersedes any previous versions
Professional Publishing
Tim NollenAC
(44-20) 7325-9482
tim.nollen@jpmorgan.com
Mark O'DonnellAC
(44-20) 7325-7149
mark.x.odonnell@jpmorgan.com
Karim de Baecque
(44-20) 7325-9181
karim.debaecque@jpmorgan.com
J.P. Morgan Securities Ltd.
Summary Ratings and Estimates
Company Price Rating Price Target PT End Date Metric Current FYE Next FYE
Daily Mail & General Trust plc (p) 262 OW (p) 390 Dec-09 Adj. EPS (p) 35.95 (p) 38.30
prior (p) 36.10 (p) 37.84
Informa Plc (p) 268 OW (p) 425 Dec-09 Adj. EPS (p) 38.3 (p) 43.8
prior (p) 39.5 (p) 40.5
Pearson (p) 601 UW (p) 560 Dec-09 Adj. EPS (p) 51.5 (p) 51.0
prior (p) 52.4
Reed Elsevier PLC (p) 538 N (p) 672 Dec-09 Adj. EPS (p) 42.63 (p) 47.63
prior (p) 42.32 (p) 47.14
Reed NV (