GS cuts Signify to 'neutral', seeing no growth until 2028

Signify NV

12/06/2026 08:24

** Goldman Sachs downgrades Dutch lighting manufacturer Signify LIGHT.AS to "neutral" from "buy", saying the recent stock outperformance leaves insufficient upside
** The shares are down 2% at market open, but still up around 13% from their March lows
** "While we still expect some margin improvement, net negative pricing due to competition, tariffs, and raw material and freight inflation have derailed the pace of progress on margins," the broker says
** GS adds it sees no organic growth for Signify until 2028, citing Chinese competition and delayed interest rate cut forecasts
** Out of 15 analysts that cover Signify, ​one rates the stock "strong buy", eight "hold", and six "strong sell" or "sell" - LSEG data

(Reporting by Dimitri Rhodes in Gdansk)
((dimitri.rhodes@thomsonreuters.com))