BofA Adds Relx to '25 stocks for 2026' List, Says 'Mispriced' AI Beneficiary

08:10 AM EST, 01/05/2026 (MT Newswires) -- BofA Global Research included Relx (REL.L, REN.AS) to its list of "25 stocks for 2026" and Europe 1 list of top ideas even as it cut the price target for the British information and analytics company, mainly driven by a peer de-rating. The research firm on Monday adjusted the price target to 45 pounds sterling from 49 pounds, implying a 49% upside potential, while reiterating the buy rating on the stock. "AI concerns led valuation close to a 2.5yr low, now just 15x CY26EV/EBITDA and 25% below peers. But in our view RELX is a mispriced AI beneficiary, and few companies are as well-placed to deliver such a sea-change in sentiment. Key AI product innovations like LeapSpace and Protégé's workflows, as well as above-consensus growth pick-up in both STM and Legal divisions(45% of sales) provide the catalysts," analysts wrote. "The bulk of the change in our [price objective] is driven by peer de-rating, with some impact from forecast changes and new DCF assumptions." Analysts also forecast that Relx's legal division will see a 10% organic growth in the first half of 2026, against the consensus estimate of 9%, expecting that the company's full-year 2025 results mark the peak of investor concerns related to artificial intelligence.