Reed Elsevier, the Anglo- Dutch publishing group, was in demand on Tuesday, its shares rising 3.3 per cent to 473p on the view that concerns about the performance of Lexis-Nexis, its content archive service, had been overplayed.
Upgrading its recommendation to “outperform” and setting a 600p target price, Exane BNP Paribas said recent share price weakness had created a good buying opportunity, particularly as there were signs of a recovery in the US legal market.
