In a report released today, Kristine Liwag from Morgan Stanley maintained a Hold rating on Textron (TXT – Research Report), with a price target of $71.00.
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Kristine Liwag has given her Hold rating due to a combination of factors that reflect Textron’s recent financial performance and market position. Textron reported adjusted earnings per share that surpassed both consensus and Morgan Stanley estimates, indicating a strong bottom line performance. However, the company’s operating cash flow was notably below expectations, which could signal potential liquidity concerns.
Additionally, while Textron’s revenue figures exceeded expectations, the operating margin was lower than consensus estimates, suggesting potential challenges in cost management or operational efficiency. The sale of its Powersports business and the reiteration of its 2025 outlook also play into the overall assessment, leading to a balanced view that supports a Hold rating rather than a more aggressive Buy or Sell recommendation.
In another report released on April 10, TD Cowen also maintained a Hold rating on the stock with a $71.00 price target.