Goldman Sachs analyst Noah Poponak maintained a Hold rating on Textron today and set a price target of $86.00.
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Noah Poponak has given his Hold rating due to a combination of factors influencing Textron’s performance. The company reported second-quarter revenues and earnings per share that exceeded expectations, and it maintained its full-year profit and loss guidance while increasing its cash flow forecast. However, the aviation segment, despite strong demand, faces cyclical challenges and difficulties in increasing deliveries.
The Bell segment’s recent contract win is a positive development, but there are concerns about margins as the project progresses. Additionally, while industrial margins have improved following a divestiture, they remain low overall. The systems segment has faced setbacks with the cancellation of new opportunity programs. These mixed fundamentals across different segments contribute to the Hold rating, reflecting a balanced view of potential risks and opportunities for Textron.
In another report released today, UBS also upgraded the stock to a Hold with a $88.00 price target.