Tag Archives: hsbc

Academic Publishing Survey of funders supports the benign Open Access outcome priced into shares

Public sector funders finance ~80% of world’s academic research.
  • Proprietary survey of research funders reinforces our view of an earningsneutral transition to Open Access.
  • However, the OA discount in share prices has largely corrected; we lower our ratings for the first time in 3 years.
  • Downgrade Reed Elsevier Plc to N from OW (TP 720p) and Informa to UW from N (TP 440p); maintain OW on Reed Elsevier NV (TP EUR13.30).
HSBC Global Research.