0705 GMT - Pearson faces pressure to continue to outperform, Citi analyst write in a note. The London-listed education company's first-half performance showed operational progress, but margins were weaker than expected in its assessment and qualifications unit, they say. Management's focus on reinvestment to support long-term organic growth seems right, as there is significant potential for cost efficiencies, they add. However, "the recent re-rating has increased the hurdle for further outperformance and we see limited upside to consensus in the short term," they say. The U.S. bank cuts its recommendation on the stock to neutral from buy and raises its target price to 13.45 pounds from 13 pounds. Shares are down 2.2% at 11.99 pounds.
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