Kepler Cheuvreux initiated coverage on Signify with a Reduce rating and €16.70 price target, citing industry challenges.
Shares dropped 2.4% in Amsterdam trading, reflecting concerns over LED commoditisation, weak demand, and persistent pricing pressure.
Signify announced a €180 million cost‑cutting plan affecting ~900 jobs and projected 2026 profit margin of 7.5‑8.5%, the lowest since its 2016 IPO.