Bernstein analyst Douglas Harned raised the firm’s price target on Textron (TXT) to $108 from $94 and keeps a Market Perform rating on the shares. The firm notes Textron shares fell sharply after it reported Q4 diluted EPS of $1.33 missing consensus of $1.49. Revenue of $4.18B was above consensus $4.08B. Stock move was an overreaction, and it has since recovered, Bernstein notes.
Claim 55% 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 raised to $115 from $110 at Jefferies
- TRU Simulation + Training announces FFS achieved FAA Level D qualification
- Textron elects Cristina Mendez to board of directors
- Textron Appoints Independent Financial Expert to Board
- Textron: Solid Demand Offset by Execution and Investment Risks Justifies Neutral/Hold Rating