Resideo Technologies upgraded FY24 earnings guidance, projecting higher EPS and revenue.
Resideo Technologies (NYSE:REZI) upgraded its FY24 earnings guidance, projecting EPS of $2.15-2.35 and revenue of $6.68-6.76bn, both higher than previous estimates. Despite the positive update, the company's stock price dropped $0.48 to $18.74 on Friday. Evercore ISI initiated coverage on Resideo, assigning an outperform rating and a $25.00 target price. Resideo develops, manufactures, and sells comfort, energy management, and safety/security solutions for commercial and residential markets.
August 10, 2024
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