Textron Inc. (NYSE:TXT) has been the subject of various recent activities by different entities. Major shares of the company have been purchased and sold by firms such as
Park Avenue Securities LLC and
Cetera Investment Advisers. With a boost in Q2 earnings surpassing estimates and increasing revenues, the aggressive market trading seems justified. Despite a slump in shares reflected by a 5% drop during a single week, Cetera Investment increased stock ownership by acquiring approximately 43,225 shares of
Textron Inc.. Separately,
Morgan Stanley downgraded the company to
Equal Weight. Other organisations like
Atria Investments Inc., and
Lazard Asset Management LLC also entered Textron's financial picture recently. The corporation's drone product receives favorable opinions from analysts and has been hailed as the best drone stock. The company's quarterly dividend announcement alongside its reputation as a
Top Growth stock adds to its profile. With this, the significantly bullish
Textron sees growth into a busy second half of 2024.
Textron TXT News Analytics from Fri, 22 Dec 2023 08:00:00 GMT to Sun, 11 Aug 2024 13:34:50 GMT -
Rating 8
- Innovation -3
- Information 7
- Rumor -6
