Kepler Cheuvreux starts Signify at 'reduce' expecting 'dim cycle ahead'

Signify NV

21/04/2026 07:36

** Kepler Cheuvreux starts Dutch lighting maker Signify LIGHT.AS at "reduce", citing a "structurally challenged industry backdrop"

** After 12 consecutive quarters of revenue declines, weighed down by the commoditisation of light-emitting diode products and ongoing pricing pressure, Kepler warns of a "dim cycle ahead"

** The broker expects increased costs related to a strategic review and wider market uncertainty to delay any meaningful recovery

** Cost cuts are highly unlikely to fully offset persistent top-line pressure and intense market competition

**  Kepler sets a PT of 16.7 euros as near-term dynamics remain heavily challenged

** Out of 14 analysts covering Signify, two rate it "strong buy"/"buy", ​eight "hold" and four "strong sell"/"sell" - LSEG data

(Reporting by Lucie Barbier)

((Email: lucie.barbier@thomsonreuters.com))