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REGN

RHHBY

Roche Holding AG reported a decline in 1H 2023 sales to CHF 30.62 billion from CHF 33.9 billion in the same period last year, due to the tapering of demand for COVID-19 tests. The company's CFO, Alan Hippe, highlighted the need for superior drug development projects in later stages to enhance the company's stock market value. He also noted that the company's share price was negatively impacted due to the decline in COVID-19-related demand.

Portfolio Pulse from Vandana Singh

July 27, 2023 | 2:58 pm

LHX

L3Harris Technologies reported its Q2 financial results and issued FY23 adjusted EPS guidance, following which its shares traded lower.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:58 pm

COTY

Jefferies has downgraded Coty's stock from Buy to Hold and reduced its price target from $16 to $14, leading to a decrease in Coty's share price.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 2:57 pm

CARR

Carrier Global Corporation (NYSE:CARR) reported Q2 net sales of $5.99 billion, beating the consensus of $5.83 billion. The company also raised its FY23 EPS outlook to $2.55-$2.65 from the previous $2.50 - $2.60. Carrier's shares are trading higher by 2.99% to $56.06.

Portfolio Pulse from Nabaparna Bhattacharya

July 27, 2023 | 2:55 pm

MRSN

Wedbush analyst David Nierengarten has downgraded Mersana Therapeutics (NASDAQ:MRSN) from Outperform to Neutral and lowered the price target from $12 to $2.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 2:53 pm

RS

Reliance Steel & Aluminum (NYSE:RS) reported Q2 earnings of $6.49 per share, missing the analyst consensus estimate of $6.55 by 0.92 percent. This is a 29.07 percent decrease from the same period last year. The company also reported quarterly sales of $3.88 billion, missing the analyst consensus estimate of $3.98 billion by 2.51 percent, a 17.11 percent decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 2:49 pm

CSTR

HBAN

KEY

PPBI

WU

The article provides an overview of value stocks in the financial services sector, highlighting five companies: Pacific Premier Bancorp, KeyCorp, Huntington Bancshares, Western Union, and CapStar Finl Hldgs. The companies are considered undervalued based on their low P/E multiples. The article also provides recent earnings per share and dividend yield data for each company.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:49 pm

WDC

Western Digital's stock is trading higher in sympathy with Seagate, which reported better-than-expected Q4 EPS results.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:49 pm

STX

Seagate Technology reported better-than-expected Q4 EPS results and issued Q1 2024 guidance, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:48 pm

CX

Cemex reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:48 pm