Bear Of The Day: Philips Electronics N.V. (PHG)
We are downgrading our Neutral recommendation on Philips Electronics N.V. (NYSE:PHG) to Underperform with a $16 target price. The company had a very modest fourth quarter with revenues marginally up by 3.3%, primarily driven by moderate growth across its segments. The company posted a net loss of $160 million due to a higher loss from [...]
We are downgrading our Neutral recommendation on Philips Electronics N.V. (NYSE:PHG) to Underperform with a $16 target price. The company had a very modest fourth quarter with revenues marginally up by 3.3%, primarily driven by moderate growth across its segments. The company posted a net loss of $160 million due to a higher loss from the company s discontinued television business.
The net cash flow also declined compared to the prior year, attributable to higher working capital outflow related to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards