Exane BNP Paribas Upgrades Philips Electronics (PHG) to Outperform

Exane BNP Paribas upgraded Philips Electronics (NYSE: PHG) from Neutral to Outperform.

The analyst comments "Refocusing on healthcare has fuelled a re-rating, and the shares have done well so far in 2018 (>25% ytd; +10% rel.). However, they still trade at an unjustified 10/15% discount to the sector, given the co’s improved execution and the strong momentum behind adj.EBITA (13% CAGR 2017–20e). Backed by more optimistic medium-term growth and margin assumptions, we upgrade the stock!"

For an analyst ratings summary and ratings history on Philips Electronics click here. For more ratings news on Philips Electronics click here.

Shares of Philips Electronics closed at $45.75 yesterday.

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