Koninklijke Philips N.V. (0LNG) Gets a Hold from Jefferies
In a report released today, Julien Dormois from Jefferies maintained a Hold rating on Koninklijke Philips N.V., with a price target of €25.00.
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Dormois covers the Healthcare sector, focusing on stocks such as Siemens Healthineers AG, Koninklijke Philips N.V., and Straumann Holding AG. According to TipRanks, Dormois has an average return of -6.5% and a 36.36% success rate on recommended stocks.
In addition to Jefferies, Koninklijke Philips N.V. also received a Hold from J.P. Morgan’s David Adlington in a report issued on December 18. However, on December 17, 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
