{
Charlotte Hanneman

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ubs maintains buy rating for philips with target price of 29 euros

UBS has maintained its "Buy" rating for Philips Electronics, setting a target price of 29 euros following insights from CFO Charlotte Hanneman. Analyst Graham Doyle noted that while the consumer medical technology sector in China is expected to remain stagnant, hospital investments in the USA are projected to perform well.
boerse.de
Euro PHILIPS ELECTRONICS N.V. NLD Graham Doyle Charlotte Hanneman
Finance & Economy, Market Report
12:38 05.03.2025

Philips lowers sales forecast amid declining demand from China

Philips has reduced its 2024 sales growth forecast to a maximum of 1.5% due to weak demand from China, leading to a 16% drop in shares—the largest in two years. The company faces challenges from an anti-corruption campaign affecting medical technology purchases and ongoing recalls of defective sleep apnea devices, costing around $5 billion. CEO Roy Jakobs noted that uncertainty in China will persist, although growth remains solid in other regions.
Il Sole 24 ORE
United States Dollar Royal Philips CHN NLD Roy Jakobs Charlotte Hanneman
Healthcare, Market Report
08:00 28.10.2024
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