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Equity Actions

HSY

Hershey has updated its FY23 financial outlook, maintaining its net sales growth forecast, reducing its reported earnings-per-share, and increasing its adjusted earnings-per-share outlook. The company expects a tax rate of 16%, other expenses of $180-190 million, interest expense of $155 million, and capital expenditures of $800-850 million.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:50 am

BFH

Bread Financial has announced a $25M share buyback program.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:46 am

BA

B of A Securities analyst Ronald Epstein has upgraded Boeing (NYSE:BA) from Neutral to Buy and raised the price target from $225 to $300.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 10:40 am

META

Wells Fargo analyst Ken Gawrelski has upgraded Meta Platforms (NASDAQ:META) from Equal-Weight to Overweight and raised the price target from $313 to $389.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 10:39 am

WAB

Wabtec has raised its FY23 guidance, with expected sales to be in a range of $9.25 billion to $9.50 billion and adjusted earnings per diluted share to be in a range of $5.50 to $5.80. The company also expects cash flow generation with operating cash flow conversion of greater than 90 percent.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:38 am

HON

Honeywell has raised the lower end of its full-year 2023 guidance. The adjusted EPS is now expected to be between $9.05 and $9.25, up from the previous range of $9.00 to $9.25. The revenue forecast has also been increased to a range of $36.7B to $37.3B, up from $36.5B to $37.3B.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:34 am

FCFS

FirstCash's Board of Directors has approved a $200 million share repurchase authorization. This move is expected to return value to shareholders and potentially boost the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:11 am

TPH

Tri Pointe Homes (TPH) has updated its Q3 delivery expectations to 1,000-1,100 homes at an average price of $690,000-$700,000. For FY23, the company now expects to deliver 5,000-5,300 homes, an increase from the previously expected 4,500-5,000 homes.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:10 am

TIGO

Millicom International Cellular has communicated its financial targets for the period 2022-2024, expecting a cumulative equity free cash flow of at least $500 million. The company anticipates 2024 to be the strongest year due to savings from Project Everest and lower expected spectrum investment and one-time items compared to 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 10:06 am

TTE

TotalEnergies SE (NYSE:TTE) reported Q2 2023 revenues of $56.3 billion, down 25% Y/Y, beating the consensus of $53.1 billion. Hydrocarbon production fell 10% Y/Y, with declines in Exploration & Production and Integrated LNG businesses. Adjusted net operating income fell 47% Y/Y to $5.6 billion. The company declared Q2 interim dividend per share of €0.74, up 7.25% Y/Y and authorized a share repurchase of $2 billion in Q3 2023. For Q3 2023, the company anticipates hydrocarbon production of around 2.5 Mboe/d.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 9:42 am