Kepler Cheuvreux cuts Signify post weak 2024, 'underwhelming' outlook

Signify

07/02/2025 10:35

** Kepler Cheuvreux downgrades Dutch lighting company
Signify  LIGHT.AS  to "reduce" from "hold", noting a "weak
performance" in 2024 and flagging an underwhelming outlook
    ** "We believe the very conservative guidance signals
further market erosion and we see a significant risk of negative
consensus adjustments," says the broker in a note
    ** In addition to the low valuation, Kepler Cheuvreux flags
a lack of catalysts as well as too many uncertainties going
forward
    ** The broker slashes its target price on the stock by 28%
to EUR 18 
    ** Out of 15 analysts that cover Signify, seven rate the
stock "strong buy" or "buy,"​ five rate it "hold" and three​
rate it "strong sell" or "sell"
    
  

 (Reporting by Clement Martinot)
 ((Clement.Martinot@thomsonreuters.com;))