Goldman Sachs Initiates Coverage of RELX PLC (RELX) With a Buy

RELX PLC (NYSE:RELX) is one of the best low volatility stocks to buy under $50. Goldman Sachs initiated coverage of RELX PLC (NYSE:RELX) with a Buy rating on June 3 and set a price target of 3,000 GBp. The firm told investors in a research note that the company is being misplaced in the AI "at risk" category, and that RELX PLC (NYSE:RELX) has a "strong moat". It added that its new suite of AI products should lead to an acceleration in sales growth toward 8%.

RELX PLC (NYSE:RELX) also received a rating update from Morgan Stanley on May 7. The firm downgraded the stock to Equal Weight from Overweight, bringing the price target down to 2,970 GBp from 3,320 GBp. The firm cited valuation for the downgrade, and told investors in a research note that it sees a more balanced risk/reward at current share levels. The firm added that the company's competition remains strong, with workflow-focused startups scaling rapidly.

RELX PLC (NYSE:RELX) provides information and analytics solutions for professional and business customers across industries. The company's operations are divided into the following business segments: Scientific, Technical & Medical, Risk, Legal Exhibitions, and Print & pri

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/goldman-sachs-initiates-coverage-relx-191014069.html)