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Posted by
Two Blokes Jul 21 -
Filed in
Stock
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7 views
We upgrade Philips to Buy, as litigation overhangs are resolved, FCF inflects positively, and deleveraging is on track. Q1 results show early U.S. recovery, margin resilience, and order book growth, despite China weakness and FX headwinds. Exor's increased stake underscores long-term shareholder confidence.
