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Aegis and Pearson receive Goldman Sachs downgrade

LONDON - Media buying and research group Aegis has been downgraded by the investment bank Goldman Sachs along with Pearson, owner of the Financial Times.

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The company, which owns the media agencies Carat and Vizeum, was downgraded from "in-line" to "underperform", according to a research note from the bank.

However, at the same time Aegis had its earnings per share estimates for the year raised. Shares in Aegis were trading at 111.75p this afternoon, up 5p or 4.68%.

Pearson was also downgraded and had earnings per share estimates for the year cut, along with the scientific publisher Reed Elsevier. Shares in Pearson were trading up 2.77%, or 17.5p, at 648.5p.

French broadcaster TF1 was upgraded to "in-line" from "underperform".

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