KBC ups Philips to 'buy' after results on track despite macro headwinds

Siemens Healthineers AG

08/05/2026 10:52

** KBC Securities upgrades health technology company Philips PHG.AS to "buy" from "accumulate" after it posted a "solid" Q1 and confirmed its guidance

** While the broker expects Q2 to be softer, it was "encouraged" by Philips reiterating its outlook, while industry peers GE Healthcare GEHC.O and Siemens Healthineers SHLG.DE lowered theirs

** Philips appears better positioned to offset cost inflation and China headwinds, it says

** While the share price has yet to reflect the group's strong performance, KBC believes the group is attractively valued

** Out of 23 analysts that cover Philips, eleven rate the stock "strong buy" or "buy" and twelve "hold", with no sell rating - LSEG data

 (Margaux Perrin and Ronan Corcoran in Gdansk)

 ((Margaux.Perrin@thomsonreuters.com and Ronan.Corcoran@thomsonreuters.com))