ENXTAM:LIGHTElectrical
Signify (ENXTAM:LIGHT) Stock Valuation After Goldman Sachs Downgrade And Flat Growth Outlook
Goldman Sachs has downgraded Signify (ENXTAM:LIGHT) to neutral from buy, citing weak growth prospects, rising Chinese competition, and the impact of delayed interest rate cuts on the lighting group's organic expansion outlook.
See our latest analysis for Signify.
At a share price of €20.42, the stock has slipped over the year to date and over the past year on a total shareholder return basis. However, the 90 day share price return of 11.28% suggests that recent momentum has picked up, even as...