JPM cuts Signify to 'neutral', saying stock is fairly valued

Signify

02/02/2026 07:06

** J.P. Morgan cuts Dutch lighting manufacturer Signify LIGHT.AS to "neutral" from "overweight," saying the lack of growth and weaker-than-expected margin guidance leaves the stock fairly valued

** JPM slashes its target price to 18.4 euros ($21.8) from 29.5 euros, vs Friday's closing price of 17.9 euros per share

** "With material cuts to our estimates, it doesn’t appear to be a value play and we see risk of further earnings decline in the coming years," JPM says

** It adds the intensification of Chinese competition led to price erosion which cannot be compensated by cost savings

** Out of 14 analysts that cover Signify, four rate the stock "strong buy" or "buy",​ six "hold" and four​ "strong sell" or "sell" - LSEG data

($1 = 0.8441 euros)

(Reporting by Mathias de Rozario in Gdansk)

((mathias.derozario@thomsonreuters.com))