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Walgreens Boots Alliance saw shares dip 1.6% after releasing its fiscal second quarter report, which showed $37.05 billion in revenue, exceeding expectations. However, the company narrowed its full-year adjusted earnings guidance due to a challenging retail environment. Estee Lauder’s shares rose over 3% following a Bank of America upgrade to buy from neutral, citing profitability recovery efforts and new products. Allstate saw a 0.9% increase in its stock after an HSBC upgrade to buy, highlighting decisive management actions and a less restrictive regulatory environment. RH experienced a premarket surge of over 9% despite missing top and bottom line expectations in the fourth quarter, due to forecasting better-than-expected revenue growth for 2024. TD Synnex’s shares fell 4.7% after launching a secondary public offering of 9 million common shares and authorizing the repurchase of 500,000 shares. Chemours shares tumbled more than 8% after cooperating with regulatory authorities on financial practices, including manipulation of cash flows to meet bonus targets.

Vornado Realty Trust shares gained 1.2% after Morgan Stanley upgraded the office building REIT to equal weight from underweight, citing improving activity in New York leasing and occupancy. Walgreens Boots Alliance exceeded revenue expectations but narrowed full-year earnings guidance due to a challenging retail environment. Estee Lauder’s stock rose over 3% following a Bank of America upgrade to buy, attributing the increase to profitability recovery efforts and new products. Allstate’s shares rose 0.9% after an HSBC upgrade to buy, highlighting decisive management actions and a less restrictive regulatory environment. RH experienced a premarket surge of over 9% despite missing expectations in the fourth quarter, as it forecasted better revenue growth for 2024. TD Synnex’s shares fell 4.7% after launching a secondary public offering of 9 million common shares and authorizing the repurchase of 500,000 shares. Chemours shares tumbled more than 8% after cooperating with regulatory authorities on financial practices, including manipulation of cash flows to meet bonus targets. Vornado Realty Trust shares rose 1.2% following an upgrade by Morgan Stanley, citing improving activity in New York leasing and occupancy.

Walgreens Boots Alliance experienced a marginal dip in shares after releasing its fiscal second quarter report, surpassing revenue forecasts but narrowing full-year earnings guidance due to a challenging retail environment. Estee Lauder saw an increase of over 3% in shares after a Bank of America upgrade to buy, highlighting profitability recovery efforts and new products. Allstate’s stock rose 0.9% following an HSBC upgrade to buy, emphasizing decisive management actions and a less restrictive regulatory backdrop. RH’s shares surged over 9% despite missing expectations in the fourth quarter, as the company forecasted better revenue growth for 2024. TD Synnex’s shares fell 4.7% after launching a secondary public offering of 9 million common shares and authorizing the repurchase of 500,000 shares. Chemours shares decreased more than 8% after cooperating with regulatory authorities on financial practices, including manipulation of cash flows to achieve bonus targets. Vornado Realty Trust shares rose 1.2% after being upgraded by Morgan Stanley, with a focus on improving activity in New York leasing and occupancy.

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