Bernstein upgrades Wolters Kluwer amid AI concerns

Relx

08/09/2025 10:47

** Bernstein sees AI disruption risk for professional info providers Wolters Kluwer WLSNc.AS and RELX REL.L as "manageable to negligible" or slightly positive across the companies' various segments

** It upgrades Wolters Kluwer to "outperform" from "market perform" after AI fears contributed to a 33% share price drop this year

** However, it trims its PT on the stock by 12.5% to EUR 140 to embed a risk premium for the debate on its Clinical Solutions unit and the upcoming CEO transition

** Still, Bernstein says it believes the CEO transition risk is overstated, noting that incoming CEO Stacey Caywood is a longtime executive with "strong credentials"

** The broker also keeps its "outperform" rating on RELX citing "domain expertise in Risk and Legal"

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))