Allegion Raises FY23 Organic Revenue Growth Outlook From 5.5% - 7.5% To 5.5% - 6.5%
Portfolio Pulse from Benzinga Newsdesk
Allegion has revised its FY23 organic revenue growth outlook from a range of 5.5% - 7.5% to a narrower range of 5.5% - 6.5%.
July 26, 2023 | 9:38 am
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Allegion's revised FY23 organic revenue growth outlook could potentially impact its stock price.
Allegion's revised FY23 organic revenue growth outlook is a significant piece of information for investors. While the new range is narrower, it's not necessarily negative as it still represents growth. However, the market's reaction to this news could potentially impact the stock price of Allegion in the short term.
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