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BUZZ-Pearson: Citigroup reinstates coverage with 'buy'

Reuters - UK Focus

** Education and media co Pearson (Xetra: 858266 - news) 's shares up nearly 5 pct at 1182 pence after Citi reinstates coverage with a "buy" rating and a price target of 1,425 pence

** Brokerage's analysts see scope for improving rev trends, accretive M&A and better free cash flow

** Of the 23 analysts covering the stock, 7 have a "hold" rating, 11 rate it a "buy" or stronger and the rest recommend selling; mean PT at 1,330p (abhiram.nandakumar.thomsonreuters.com@reuters.net)