Textron Inc. (TXT) has been drawing attention, leading to mixed reactions from investors and financial entities. Notably,
Goldman Sachs has downgraded
Textron's stock to neutral, with other institutions like Nisa Investment Advisors LLC and Allspring Global Investments offloading shares. Despite this, many maintain a bullish outlook, pointing to an approximate 40%-48% undervaluation of Textron's stock. The manufacturer's decision to incorporate
Starlink satellite internet in its Citation Sovereign jets has also fuelled discussion. Textron's
defense cash flows are applauded for their stability, marking the stock as an excellent pick in the defense sector. Recent acquisitions of Textron shares by several bodies, including IFM Investors Pty Ltd, Penserra Capital Management LLC, and Teacher Retirement System of Texas underline an ongoing interest. A forecasting of the Price Target (PT) at $88.36, despite recent financial performance indicating a potential decline in earnings, reflects continued faith in the company's capacities. Textron's Q1 Earnings showed they beat estimates, with an adjusted price target of $90 from TD Cowen. The company will release its second quarter results in July 2025.
Textron TXT News Analytics from Fri, 25 Oct 2024 07:00:00 GMT to Sat, 12 Jul 2025 10:00:54 GMT -
Rating 0
- Innovation -5
- Information 8
- Rumor 0
