Textron price target lowered to $90 from $100 at SusquehannaBoeing

Susquehanna analyst Charles Minervino lowered the firm’s price target on Textron(TXT) to $90 from $100 and keeps a Positive rating on the shares. The firm believes the Boeing (BA) resolution of the IAM work stoppage and subsequent restart of 737, 767, and 777 production are important catalysts for the Commercial Aerospace industry broadly as it prepares for 2025 and they think the steadily building production will be a positive catalyst for Boeing and many of its suppliers.