Occudo Quantitative Strategies LP and
FORA Capital LLC have acquired new holdings in
Textron Inc. (NYSE:TXT), while
Ensign Peak Advisors Inc and
BNP Paribas Financial Markets sold shares.
Textron has been recognized among the best drone stocks to buy according to billionaires, boosting its appeal for hedge funds. The company's
Q1 earnings and revenues surpassed estimates, impressing the Wall Street. Meanwhile, the company's stock receives an $87.70 consensus target price from brokerages.
Textron's Q1 sales revealed impressive growth, and although the stock dipped following the earnings announcement, it remains a recognised defense stock pick from the Goldman Sachs portfolio. Textron's
aviation department has also had significant milestones including the celebration of 10 years of innovation and the expansion of their custom aircraft interiors hub. Analysts see potential in their future growth strategy. Despite the ups and downs, the earnings preview suggests potential for big upside.
Textron continues its market expansion, including in the UK with its training initiative. Finally, authorities like
Morgan Stanley and
UBS have adjusted Textron's price target amidst market challenges.
Textron TXT News Analytics from Mon, 09 Dec 2024 08:00:00 GMT to Sat, 17 May 2025 09:45:15 GMT -
Rating 7
- Innovation 0
- Information 8
- Rumor -3
