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Philips upgraded by ING to Buy from Hold over stock performance since recall

Aug. 31, 2021 11:28 AM ETKoninklijke Philips N.V. (PHG) StockBy: Ravikash Bakolia, SA News Editor
  • Koninklijke Philips (PHG +2.2%) was upgraded by ING Bank to Buy from Hold with a price target of EUR 45, down from EUR 50, noting that the shares have been "punished too much" by the DreamStation recall.
  • In June, Philips announced the recall

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