J.P. Morgan Remains a Hold on Koninklijke Philips N.V. (0LNG)
In a report released today, David Adlington from J.P. Morgan maintained a Hold rating on Koninklijke Philips N.V., with a price target of €19.60.
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Adlington covers the Healthcare sector, focusing on stocks such as Koninklijke Philips N.V., Siemens Healthineers AG, and Fresenius Medical Care AG & Co. KGaA. According to TipRanks, Adlington has an average return of -6.3% and a 39.83% success rate on recommended stocks.
In addition to J.P. Morgan, Koninklijke Philips N.V. also received a Hold from RBC Capital’s Natalia Webster in a report issued yesterday. However, on the same day, Barclays maintained a Buy rating on Koninklijke Philips N.V. (LSE: 0LNG).
Based on Koninklijke Philips N.V.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €4.3 billion and a net profit of €184 million. In comparison, last year the company earned a revenue of €4.38 billion and had a net profit of €181 million
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- Philips initiated with a Sector Perform at RBC Capital
- Philips price target lowered to EUR 25 from EUR 27 at Morgan Stanley
- Philips to acquire SpectraWAVE, terms undisclosed
- Hold Rating for Koninklijke Philips N.V. Amid Sector Challenges and Company-Specific Uncertainties
- Philips price target raised to EUR 19.60 from EUR 18.30 at JPMorgan
