Philips : Keep breathing
>We raise our underlying estimates and target price by 5% - We lift our target price, in line with our underlying estimates, by 5%. Hence, our target price increases to € 50 per share. With 28% upside to our target price, we upgrade our recommendation to Outperform from Neutral.The voluntary recall remains a long-tail risk - Some 90% of the earnings call earlier this week was dedicated to the voluntary recall and our take is that management is firmly ...Koninklijke Philips Electronics is active in the markets of healthcare, consumer lifestyle and lighting. Co.'s activities can be divided into three segments: Healthcare (Co. provides Imaging Systems, Patient Care and Clinical Informatics, Home Healthcare Solutions and Customer Services), Consumer Lifestyle (Co.'s products are divided into the following: Health and Wellness; Domestic Appliances; and Lifestyle Entertainment), Lighting (Co. provides lighting solutions for homes, shops, offices, schools, hotels, factories and hospitals; Co. also offers solutions for roads (street lighting and car lights) and for public spaces, residential areas and sports arenas).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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