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Philips


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Top of the Street: Philips, ABB, VAT Group

BUZZ-Top of the Street: Philips, ABB, VAT Group A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies raises Philips PHG.AS to "hold" from "underperform", saying the Dutch medical devices maker's risk/reward profile is more balanced and the valuation reflects more adequately short-term challenges after the stock plunged on Monday ** Goldman Sachs cuts ABB Ltd ABBN.S to "neutral" from "buy", seeing the stock as no longer underappreciated as it trades
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Royal Philips- Over Next 4 Years, CBRND, To Invest $25 Million To Make Rapid Analysis Of Threat Exposure Algorithm More Accessible In Field

BRIEF-Royal Philips- Over Next 4 Years, JPEO-CBRND, To Invest $25 Million To Make Rapid Analysis Of Threat Exposure Algorithm More Accessible In Field Oct 29 (Reuters) - Koninklijke Philips NV PHG.AS : ROYAL PHILIPS- OVER NEXT 4 YEARS, JPEO-CBRND, TO INVEST $25 MILLION TO MAKE RAPID ANALYSIS OF THREAT EXPOSURE ALGORITHM MORE ACCESSIBLE IN FIELD Sou
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ABB, Barratt Redrow, Ti Fluid Systems

EUROPE RESEARCH ROUNDUP-ABB, Barratt Redrow, Ti Fluid Systems Oct 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB, Barratt Redrow and Ti Fluid Systems, on Tuesday. HIGHLIGHTS * ABB Ltd ABBN.S : Goldman Sachs cuts to neutral from buy * Barratt Redrow Plc BTRW.L : JP Morgan raises target price to 600p from 560p * Intermediate Capital Group Plc ICGIN.L : Citigroup raises PT to 2610p from 2600p * Ti Fluid Systems TIFS.L : Jeffer
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Jefferies raises Philips to 'hold' as 'valuation collapses on China woes'

BUZZ-Jefferies raises Philips to 'hold' as 'valuation collapses on China woes' ** Jefferies raises Dutch medical devices maker Philips PHG.AS to "hold" from "underperform" as "valuation collapses on China woes" ** "Risk/reward seems more balanced from here," the broker says ** The shares closed -17% on Monday after Q3 results ** "After the stock plunge, we believe the valuation more adequately reflects short-term challenges." - Jefferies ** J.
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STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains

UPDATE 2-STOXX 600 rises ahead of key data and US tech earnings, energy shares cap gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Philips tumbles on lowering full-year sales outlook Melrose jumps after risk and revenue sharing explainer Sonova climbs on news of resuming supply to Costco STOXX 600 up 0.4% Updated with closing prices By Ankika Biswas and Pranav Kashyap Oct 28 (Reuters) - Europe's main stock index closed higher on Mo
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Koninklijke Philips NV reports results for the quarter ended in September 30 - Earnings Summary

Koninklijke Philips NV reports results for the quarter ended in September 30 - Earnings Summary Koninklijke Philips NV PHG.N reported quarterly adjusted earnings of 32 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 33 cents. The mean expectation of three analysts for the quarter was for earnings of 34 cents per share.
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Philips’ China misery renews case for bold surgery

BREAKINGVIEWS-Philips’ China misery renews case for bold surgery The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Johnson LONDON, Oct 28 (Reuters Breakingviews) - Koninklijke Philips’ PHG.AS Chinese problems may accelerate a breakup. The 23 billion euro Dutch medical group’s shares fell as much as 17% on Monday after it said sales may barely grow this year.
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European shares gain as key data and US tech earnings loom

CORRECTED-UPDATE 1-European shares gain as key data and US tech earnings loom Corrects to "later this week" from "on Thursday" in paragraph 15 STOXX 600 up 0.4% Philips tumbles on lowering full-year sales outlook ECB'S Luis de Guindos due to speak later in the day By Pranav Kashyap Oct 28 (Reuters) - European shares started the week on a positive note, as investors prepared for a busy schedule of key economic data releases and earnings from major U.S.
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Airlines lift Europe as oil provides drag

LIVE MARKETS-Airlines lift Europe as oil provides drag Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com AIRLINES LIFT EUROPE AS OIL PROVIDES DRAG The STOXX 600 .STOXX is kicking off the week up 0.4%, buoyed by soaring chemicals and airline stocks, while oil shares drag.
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Philips slumps as it cuts guidance on weak demand in China

BUZZ-Philips slumps as it cuts guidance on weak demand in China ** Shares in Philips PHG.AS fall 14.6% after the Dutch medical devices maker cut its 2024 guidance due to weak demand in China ** It reports weaker than expected Q3 sales, down 0.5% yoy vs consensus estimate for 2.1% growth; order intake falls 2% vs 9% growth in Q2 ** "In the (third) quarter, demand from hospitals and consumers in China further deteriorated, while we continue to see solid growth in other regions," CEO Roy Jakobs say
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Event risks galore this week

LIVE MARKETS-Event risks galore this week Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EVENT RISKS GALORE THIS WEEK A weekend election in Japan that has knocked the yen down to three-month lows, a heavy U.S. corporate earnings calendar, Britain's budget and the fast-approaching U.S.
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Philips' deteriorating China sales send shares tumbling 16%

UPDATE 3-Philips' deteriorating China sales send shares tumbling 16% Philips says its third-quarter sales in China slumped Co lowers sales forecast for 2024 Shares fall 16% in early trading Q3 core profit in line with expectations as margins improve Adds share price drop, new CEO quotes in paragraphs, rewrites throughout By Bart H. Meijer AMSTERDAM, Oct 28 (Reuters) - Philips PHG.AS said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices make
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Philips lowers sales outlook as China demand wanes

Philips lowers sales outlook as China demand wanes AMSTERDAM, Oct 28 (Reuters) - Dutch medical devices maker Philips PHG.AS on Monday lowered its sales forecast for the year due to declining demand in China, which pushed its order intake down 2% in the third quarter. Philips now expects comparable sales to grow by 0.5% to 1.5% in 2024, down from a previous expectation of 3% to 5%.
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Philips Revises 2024 Outlook Due To Deteriorated Demand In China

BRIEF-Philips Revises 2024 Outlook Due To Deteriorated Demand In China Oct 28 (Reuters) - Koninklijke Philips NV PHG.AS : PHILIPS DELIVERS STRONG MARGIN IMPROVEMENT; FLAT COMPARABLE SALES DUE TO FURTHER DETERIORATED DEMAND IN CHINA; GROWTH IN REST OF WORLD FULL-YEAR 2024 OUTLOOK REVISED DUE TO CHINA DEMAND OUTLOOK FOR FULL-YEAR 2024 : COMPARABLE SA
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Event risks galore this week

MORNING BID EUROPE-Event risks galore this week A look at the day ahead in European and global markets from Vidya Ranganathan A weekend election in Japan that has knocked the yen down to three-month lows, a heavy U.S. corporate earnings calendar, Britain's budget and the fast-approaching U.S. election make for a week packed with excitement. The yen JPY= is down and Japanese shares .N225 are up after Japan's ruling coalition lost its parliamentary majority in weekend elections, raising the spectr
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Koninklijke Philips NV <PHG.N> expected to post earnings of 34 cents a share - Earnings Preview

Koninklijke Philips NV expected to post earnings of 34 cents a share - Earnings Preview Koninklijke Philips NV PHG.N , PHG is expected to show a rise in quarterly revenue when it reports results on October 28 for the period ending September 30 2024 The Eindhoven Noord-brabant-based company is expected to report a 0.8% increase in revenue to €4.506 billion from €4.47 billion a year ago, according to the mean estimate from 4 analysts, based on LSEG data.
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Koninklijke Philips NV <PHG.AS> expected to post earnings of 38 cents a share - Earnings Preview

Koninklijke Philips NV expected to post earnings of 38 cents a share - Earnings Preview Koninklijke Philips NV PHG.AS is expected to show a rise in quarterly revenue when it reports results on October 28 for the period ending September 30 2024 The Eindhoven Noord-brabant-based company is expected to report a 1.3% increase in revenue to €4.528 billion from €4.47 billion a year ago, according to the mean estimate from 8 analysts, based on LSEG data.
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Signify's in-line results reassure investors, analysts predict strong Q4

UPDATE 3-Signify's in-line results reassure investors, analysts predict strong Q4 Recasts with share reaction and analyst comment in paragraphs 1-2 By Leo Marchandon Oct 25 (Reuters) - Shares in Signify LIGHT.AS , the world's biggest lighting maker, jumped 8% on Friday after its third-quarter results largely met market expectations, soothing investors, while analysts pointed to potential margin improvement in the fourth quarter.
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FDA Says Philips Respironics Issues Mandatory Software Correction For Trilogy Evo, Ev300, EvoO2, Evo Universal

BRIEF-FDA Says Philips Respironics Issues Mandatory Software Correction For Trilogy Evo, Ev300, EvoO2, Evo Universal Oct 1 (Reuters) - FDA: FDA: PHILIPS RESPIRONICS ISSUES MANDATORY SOFTWARE CORRECTION UPDATES USE INSTRUCTIONS FOR TRILOGY EVO, EV300, EVOO2, AND EVO UNIVERSAL FDA: PHILIPS RESPIRONICS MANDATORY SOFTWARE CORRECTION FOR SOME VENTILATOR
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Australia's 4DMedical jumps on distribution deal in US

BUZZ-Australia's 4DMedical jumps on distribution deal in US ** Shares of 4DMedical Ltd 4DX.AX jump 44.9% to A$0.645, set for their best day since Nov 13, 2023, if gains hold ** Medical technology firm says it has signed a distribution agreement with Dutch medical device maker Koninklijke Philips NV PHG.AS ** Co says, Philips will have exclusive distribution rights to co's suite of products with U.S.
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