Philips Electronics (PHG) Shares Charge Higher Following Morgan Stanley Upgrade

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May 31, 2012 12:59 PM EDT
Get Alerts PHG Hot Sheet
Price: $27.42 -0.29%

Rating Summary:
    8 Buy, 4 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 6 | New: 26
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Shares of Philips Electronics (NYSE: PHG) have ticked well into positive territory Thursday afternoon following an intraday upgrade from an analyst at Morgan Stanley. The firm now rates the stock an Eqaulweight, up from Underweight previously.

Morgan Stanley said the company's Lighting unit could be making a turn in the right direction. A North American upcycle and cost savings could soon beginning have positive implications during the second half of this year.

Philips shares last traded at $17.81, up about 0.75 percent from Wednesday's closing price.

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

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