Short Term Rating on Textron (TXT)

Textron (TXT) : 6 brokerage houses believe that Textron (TXT) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Textron (TXT). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.5.

Textron (TXT) : 6 Wall Street analysts covering Textron (TXT) believe that the average level the stock could reach for the short term is $47.83. The maximum price target given is $51 and the minimum target for short term is around $40, hence the standard deviation is calculated at $4.45.

For the current week, the company shares have a recommendation consensus of Buy.


Textron (NYSE:TXT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.60 and $38.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.36, notching a gain of 0.31% for the day. The total traded volume was 1,394,465 . The stock had closed at $38.24 on the previous day.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

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