PrologisProperty Mexico Stock (OTC: FBBPF)

Latest news for PrologisProperty Mexico (OTC:FBBPF) Stock

PrologisProperty Mexico SA de CV is engaged in the acquisition, ownership, and leasing of industrial properties throughout Mexico. The company's real estate portfolio comprises large warehouse buildings. It focused on acquiring, owning, and managing Class-A logistics and manufacturing facilities. The company derives nearly all of its revenue as lease rental income from multinational firms. This income is fairly evenly split between its manufacturing-related facilities in Northern Mexico and consumption-related facilities located mainly in Central and Southern Mexico. In terms of total revenue, the majority of Fibra Prologis' customers are general retailers and third-party logistics firms.

Certificados Bursatiles Fiduciarios Inmobiliarios Series 14

PrologisProperty Mexico SA de CV Certificados Bursatiles Fiduciarios Inmobiliarios Series 14

PrologisProperty Mexico SA de CV

Truist Securities analyst Brandon King maintains Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) with a Hold and raises the price target from $31 to $37.

News

Price Target

Analyst Ratings

TRMK

Truist Securities Maintains Hold on Trustmark, Raises Price Target to $37

Offerings

BANX

ArrowMark Financial Files For Mixed Shelf Of Up To $150M

Truist Securities analyst Brandon King maintains Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) with a Hold and raises the price target from $32 to $38.

RNST

Truist Securities Maintains Hold on Renasant, Raises Price Target to $38

Truist Securities analyst Brandon King maintains Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) with a Buy and raises the price target from $68 to $81.

Truist Securities Maintains Buy on Prosperity Bancshares, Raises Price Target to $81

DTSQU

Trading Halt: Halt status updated at 10:35:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Harley-Davidson Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>) reported second quarter HDMC and LiveWire combined revenue of $1.355 billion, <a href="https://www.benzinga.com/pressreleases/24/07/n39953814/harley-davidson-delivers-second-quarter-financial-results" target="_blank" rel="noreferrer noopener">beating the analyst consensus estimate of $1.28 billion.</a>
Consolidated revenue in the&nbsp;second quarter&nbsp;was up&nbsp;12% to $1.619 billion, driven primarily by an&nbsp;HDMC revenue increase of&nbsp;13%. HDFS revenue was up&nbsp;10%&nbsp;in the&nbsp;second quarter.
Global retail motorcycle sales declined 3%. North America&nbsp;retail performance was down&nbsp;1%, with&nbsp;U.S. retail up slightly.
HOG&#8217;s EPS of $1.63 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the analyst consensus of $1.40</a>.
Gross profit margin in HDMC contracted 270 basis points Y/Y at 32.1%. Operating income in HDMC was $198 million (up 2%), with the operating margin decreasing 150 basis points to 14.7%.
Consolidated operating income for the quarter rose 9% to $241 million, with a margin of 14.9% versus 15.3% a year ago.
Harley-Davidson generated $578 million in cash from operating activities during six months. It held cash and equivalents of $2 billion as of June-end.
The company announced a new plan to repurchase $1 billion of its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39953803/harley-davidson-announces-plan-to-repurchase-1-billion-of-its-shares-through-2026" rel="noreferrer noopener">outstanding common stock through 2026</a>.
The board&#8217;s authorization replaces existing share repurchase plans and is in addition to the $875 million in share repurchases since 2022 that the company has completed to return cash to its shareholders.
&#8220;Despite a challenging market, we are pleased with our second quarter performance, in which we grew our U.S. market share in a declining market, with notable unit growth of more than 11 percent in the important core category of Touring,&#8221; said Chairman, President and CEO Jochen Zeitz.
Outlook: Harley-Davidson revised FY24 HDMC revenue growth outlook to down 5%-9% (prior flat to down 9%) and operating income margin outlook <a href="https://www.benzinga.com/calendars/guidance">from 12.6%-13.6% to 10.6%-11.6%.</a>
HOG continues to expect FY24 capital investments of $225 million &#8211; $250 million.
Price Action: HOG shares are trading higher by 8.19% at $36.65 at last check Thursday.
Photo via Wikimedia Commons

Earnings

Equities

Guidance

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Movers

General

Harley-Davidson's Mixed Ride: Beats Q2 Estimates, Plans Buyback, Trims Annual Outlook & More

Truist Securities analyst Brandon King maintains East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) with a Buy and raises the price target from $80 to $96.

EWBC

Truist Securities Maintains Buy on East West Bancorp, Raises Price Target to $96

Cantor Fitzgerald analyst C J Muse reiterates Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Neutral and maintains $180 price target.

Reiteration

Cantor Fitzgerald Reiterates Neutral on Teradyne, Maintains $180 Price Target

Trading Ideas

XCUR

Exicure Shares Halted On Circuit Breaker To The Upside, Stock Now Up 83%

Delta Air Lines Says Operational Reliability Returned To Normal Thursday Morning; Normal Operations Expected To Continue Friday & Beyond

Legal

Meta Set To Be Hit With First EU Antitrust Fine For Linking Marketplace And Facebook; EU Antitrust Decision Against Meta Expected After August Holiday Break

Truist Securities analyst Joon Lee maintains Cormedix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMD#NASDAQ">CRMD</a>) with a Buy and lowers the price target from $14 to $12.

CRMD

Truist Securities Maintains Buy on Cormedix, Lowers Price Target to $12

JP Morgan analyst Tami Zakaria maintains Illinois Tool Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITW#NYSE">ITW</a>) with a Overweight and lowers the price target from $275 to $267.

JP Morgan Maintains Overweight on Illinois Tool Works, Lowers Price Target to $267

Macro Economic Events

Econ #s

Economics

USA Natural Gas Storage 22B Vs 13B Est.; 10B Prior

Eli Lilly and Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) has outperformed the market over the past 15 years by 11.36% on an annualized basis producing an average annual return of 23.33%. Currently, Eli Lilly and Co has a market capitalization of $730.31 billion. 
Buying $1000 In LLY: If an investor had bought $1000 of LLY stock 15 years ago, it would be worth $23,116.69 today based on a price of $811.09 for LLY at the time of writing.
<h3>Eli Lilly and Co's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721917819_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Eli Lilly and Co Stock In The Last 15 Years

TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) has outperformed the market over the past 20 years by 7.67% on an annualized basis producing an average annual return of 15.92%. Currently, TJX Companies has a market capitalization of $126.49 billion. 
Buying $100 In TJX: If an investor had bought $100 of TJX stock 20 years ago, it would be worth $1,912.35 today based on a price of $111.92 for TJX at the time of writing.
<h3>TJX Companies's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721917814_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In TJX Companies 20 Years Ago Would Be Worth This Much Today

Honda Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) will reduce its production of gasoline vehicles in China by 19% starting this October, marking a strategic shift <a href="https://www.benzinga.com/electric-vehicles">toward electric vehicles</a>.
The Japanese automaker will cease operations of one production line at its joint venture Dongfeng Honda, which has an annual capacity of 240,000 units, beginning in November. 
Additionally, in October, GAC Honda, another of its facilities with a capacity of 50,000 units annually, will be completely shut down. 
These changes are part of Honda's effort to accelerate the &#8220;steady shift&#8221; to EVs, reported <a href="https://www.bloomberg.com/news/articles/2024-07-25/honda-to-cut-gas-car-production-in-china-by-19-from-october?srnd=phx-industries-consumer&amp;sref=TBDibEcD">Bloomberg</a>.
Honda&#8217;s production capacity in China, currently around 1.5 million units, will see a reduction of 19% due to these measures.
Previously, Nikkei reported that Honda intended to reduce gas-powered vehicle production capacity in China by about one-third.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39812811/honda-motor-prices-secondary-shares-at-discount-in-3-16b-sale">Honda Motor Prices Secondary Shares At Discount In $3.16B Sale</a>
Japanese automakers, including Honda, have been facing difficulties in China due to their comparatively weak electric car lineup and stiff competition from domestic companies like BYD Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), whose vehicles are manufactured at Tesla&#8217;s Shanghai factory.
In a related move, Nippon Steel Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) announced earlier this week that it would exit a joint venture in China, attributing the decision to declining sales among its major clients, the Japanese automakers, who are losing market share in the region&#8217;s largest economy.
The Dongfeng Honda facility, which currently produces models such as the Civic and Life, will transition to producing auto parts and conducting research. 
These models will be manufactured at another plant within China. Meanwhile, the GAC Honda plant, responsible for the Accord plug-in hybrid, will be repurposed as a warehouse and for other uses.
Price Action: HMC shares closed lower by 3.17% at $31.17 on Wednesday.
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/06/39310256/hondas-new-commercial-use-mini-ev-to-hit-japans-streets-in-october-details">Read Next: Honda&#8217;s New Commercial-Use Mini-EV To Hit Japan&#8217;s Streets In October: Details</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BYDDY

NISTF

TSLA

Honda Shifts To EVs, Slashes China Gasoline Car Output By 19%

Truist Securities analyst Jake Bartlett maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and lowers the price target from $74 to $69.

Truist Securities Maintains Buy on Chipotle Mexican Grill, Lowers Price Target to $69

Truist Securities analyst Joel Fishbein reiterates Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Buy and raises the price target from $175 to $200.

CHKP

Truist Securities Reiterates Buy on Check Point Software, Raises Price Target to $200

Cantor Fitzgerald analyst Sarah James reiterates Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) with a Overweight and maintains $406 price target.

Cantor Fitzgerald Reiterates Overweight on Molina Healthcare, Maintains $406 Price Target

FIBRA Prologis declares $0.0285 dividend

FIBRA Prologis declares $0.0355 dividend

FIBRA Prologis reports Q4 results

FIBRA Prologis declares $0.0065 dividend

FIBRA Prologis declares $0.0353 dividend

FIBRA Prologis reports Q1 results

Blackstone jumps into bidding for Mexican industrial real estate firm Terrafina

FIBRA Prologis reports Q2 results

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FBASF

FBBPF

FMTYF

PrologisProperty Mexico

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PrologisProperty Mexico

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Latest news for PrologisProperty Mexico (OTC:FBBPF) Stock

Tuesday, March 24, 2020