Textron (TXT) Receives Price Target

Textron (TXT) stock is expected to deviate a maximum of $5.78 from the average target price of $45.83 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $51 and the most muted being $38.

Textron (TXT) has an average broker rating of 1.91, which is interpreted as a Buy, as rated by 8 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Morgan Stanley initiates coverage on Textron (NYSE:TXT) . The global brokerage major announces a current price target of $39 per share. Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The rating by the firm was issued on June 23, 2016.

Textron (NYSE:TXT): The stock opened at $40.88 on Thursday but the bulls could not build on the opening and the stock topped out at $40.91 for the day. The stock traded down to $40.25 during the day, due to lack of any buying support eventually closed down at $40.81 with a loss of -0.10% for the day. The stock had closed at $40.85 on the previous day. The total traded volume was 1,378,260 shares.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

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