Textron (TXT) : Analyst Rating Update

Textron (TXT) : The consensus on Textron (TXT) based on 8 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Textron (TXT) : 6 investment research analysts covering Textron (TXT) have an average price target of $47.83 for the near short term. The highest target price given by the Brokerage Firm to the stock is $51 and the lowest target is $40 for the short term. Analysts expect the variance to be within $4.45 of the average price.

Textron (NYSE:TXT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.69 and $35.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.77, notching a gain of 0.14% for the day. The total traded volume was 1,998,367 . The stock had closed at $35.72 on the previous day.

Also, Morgan Stanley initiates coverage on Textron (NYSE:TXT) . The global brokerage major announces a current price target of $39 per share. Analysts at the Morgan Stanley have a current rating of Underweight on the shares. The rating by the firm was issued on June 23, 2016. The company shares have dropped -16.85% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $44.98 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $37.89 and the 200 Day Moving Average price is recorded at $36.93.

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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