TD Cowen analyst Cai von Rumohr downgraded Textron to Hold from Buy with a price target of $95, down from $103. The firm cites industrial sector cyclical pressures and tough aviation margin compares versus an “abnormally strong” Q2 for the downgrade. In addition, the unexpected strike “adds uncertainty with few incremental positives in prospect to drive the stock,” the analyst tells investors in a research note.
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