Philips Electronics "overweight"

04/11/05 - J.P. Morgan Securities

LONDON, April 11 (newratings.com) - Analysts at JP Morgan maintain their "overweight" rating on Philips Electronics (PHI-EUR). The target price is set to €26.

In a research note published this morning, the analysts mention that the company is scheduled to report its Q1 results on April 18. The analysts expect Philips Electronics to post its EPS for the quarter ahead of the consensus, driven by the performance of the Consumer Electronics and Semiconductor segments. The company is likely to announce further share buybacks, given its capital discipline and improving cash flows, JP Morgan adds.