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Citigroup has upgraded RELX PLC from 'neutral' to 'buy', highlighting a compelling entry point for investors. The upgrade comes as the European media sector has underperformed by nearly 20% since the start of the year, largely driven by market anxieties surrounding the impact of artificial intelligence (AI). Citi analysts believe that this significant de-rating has created an attractive risk-to-reward profile for the data analytics and publishing group. The bank suggests that the recent sell-off, fueled by AI-related fears, may have been overextended and does not reflect the company's underlying strength. Consequently, the firm views the current valuation as a strategic opportunity for long-term growth. This move signals a shift in sentiment towards established media players navigating the rapidly evolving AI landscape.
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