Baird analyst Peter Arment lowered the firm’s price target on Textron (TXT) to $100 from $109 and keeps an Outperform rating on the shares. The firm said a five-week strike at Textron Aviation operations in Wichita, KS has cut deliveries for 2024, which has reduced the 2024 EPS estimate but with workers already returning, the recovery in 2025 looks favorable for growth.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXT:
- Textron price target lowered to $79 from $87 at UBS
- Morning Movers: UPS ascends and Textron descends after quarterly reports
- Textron reports Q3 adjusted EPS $1.40, consensus $1.49
- Textron lowers 2024 adjusted EPS view to $5.40-$5.60 from $6.20-$6.40
- Textron Announces CFO Transition Effective March 2025