LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan sounded a bullish note on the prospects for RELX, the provider of information-based analytics and decision tools for professional and business customers.
On the back of a "fireside chat" with RELX boss, Erik Engstron, the day before, analyst Daniel Kerven said: "I am more excited about RELX now than at any time in the past 27 years."

Kerven went on to point out that the company's shares were both one of the investment bank's key picks in the media space and on its Analyst Focus List.

"Our investment case, put simply, is that improving mix and increased take up of faster growing data analytics will likely accelerate growth , drive compounding upgrades, a re-rating vs history and a closing / reversal of the 30% valuation discount to its US peers," the analyst continued.

In Kerven's opinion, he had "undercooked" the magnitude of organic growth in STM and Legal and the sustainability of growth in Risk.

Kerven had an 'overweight' recommendation and 2,810.0p target price on the company's shares.

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