Morgan Stanley downgraded Signify (SFFYF) to Underweight from Equal Weight with a price target of EUR 18, down from EUR 22. The firm adjusted ratings in the European capital goods space as part of its 2026 outlook. In 2026, the firm sees a “selective broadening out” of growth across end markets. However, this will not be a widespread cyclical rebound, so investors should “lean into quality growth,” the analyst tells investors in a research note.
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