Morgan Stanley lowered the firm’s price target on Textron (TXT) to $71 from $82 and keeps an Equal Weight rating on the shares. Among the Aerospace group, the uncertainty regarding tariffs increases the risk of further disruption of “an already vulnerable supply chain,” the analyst tells investors in a preview for the sector. In that context, the firm continues to prefer more defensive aftermarket names over original equipment makers, the analyst added.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TXT:
- Textron price target lowered to $107 from $111 at Citi
- GE Aerospace awarded subcontract for U.S. Army’s FLRAA program
- Options Volatility and Implied Earnings Moves Today, March 17, 2025
- Boeing, Apple, others join U.S. mission to Vietnam, Reuters reports
- Citi believes it is time to buy defense stocks