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BUZZ-Wolters Kluwer: double Goldman upgrade

Reuters - UK Focus

** Wolters Kluwer (Other OTC: WOLTF - news) trading around levels last seen in 2001 after Goldman Sachs (NYSE: GS-PB - news) ramps up its rating on the publisher to "buy" vs "sell" & puts co on its Conviction List

** Stock, up 1.3 pct, among top performers on 1 pct weaker STOXX Europe 600

** Broker reckons co's structural outlook is improving & expects 2015 organic revenues to accelerate with print & legacy products less material

** Goldman says restructuring/investment has held back EBITDA margin but expects a 60 bp improvement to 21.8 pct in 2015

** Stronger US dollar should boost co which derived 54 pct of 2013 revenues from North America

** Peers Reed Elsevier & Pearson also beneficiaries of dollar strength (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)