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Philips (NYSE:PHG) Maintains Neutral Rating from Citigroup Amidst Innovations
Financial Modeling Prep· 2025-09-27 01:00
Core Insights - Philips is a global leader in health technology, focusing on improving health outcomes through innovative solutions in diagnostic imaging, image-guided therapy, patient monitoring, and health informatics [1] - Citigroup maintains a Neutral rating for Philips, raising its price target to €23 from €22, indicating cautious optimism about the company's future performance [2][6] - Philips showcased new innovations in radiation therapy at the ASTRO 2025 Annual Meeting, introducing the Philips Rembra RT and Philips Areta RT CT platforms aimed at enhancing precision in cancer care [3][6] Stock Performance - The current stock price for Philips (PHG) is $26.82, reflecting a slight increase of approximately 1.00% from the previous day, with fluctuations between $26.78 and $26.97 [4][6] - Over the past year, the stock has experienced a high of $32.91 and a low of $21.48, indicating volatility in its performance [4] - Philips' market capitalization is approximately $24.9 billion, with a trading volume of 790,223 shares on the NYSE, suggesting moderate investor interest [5]