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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Citi reiterates 'buy' rating on LSEG after 'innovation forum' event

(Sharecast News) - Citi reiterated its 'buy' rating on London Stock Exchange Group on Tuesday following the company's 'innovation forum' event a day earlier, during which it provided details on newly-developed products across all divisions. The bank noted that LSEG shares underperformed by 2% since the start of the event, with investors focused on a perceived change of guidance to data and analytics TAM growth.

"It was clarified during the Q&A, that started at 17.15 UKT, that there was no change in expectations," Citi said.

"We came away more confident that LSEG's product pipeline compares well to its peers and investor expectations, particularly for Workspace, where investors fear substitution from AI-led challengers."

Citi added that new data on LSEG's tick history usage supports its bullish view on real-time data.

At 1030 GMT, the shares were up 1.3% at 9,192p.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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