Pitney Bowes Increases Cost Rationalization Program's Savings Target From $60M-$100M To $120M-$160M
Portfolio Pulse from Benzinga Newsdesk
Pitney Bowes has increased the savings target of its cost rationalization program from $60 million-$100 million to $120 million-$160 million.
July 01, 2024 | 12:17 pm
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Pitney Bowes has raised the savings target of its cost rationalization program to $120 million-$160 million, up from the previous target of $60 million-$100 million. This indicates a stronger focus on cost efficiency and could positively impact the company's financial health.
The increase in the savings target suggests that Pitney Bowes is making significant strides in its cost rationalization efforts. This could lead to improved profitability and financial stability, which is likely to be viewed positively by investors.
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