Textron price target raised to $109 from $92 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Textron (TXT) to $109 from $92 and keeps an Equal Weight rating on the shares. The market has reacted positively to the planned Industrial separation, viewing it as “a credible step toward a clearer A&D-focused value proposition,” the analyst says. The firm sees the planned separation as a step toward unlocking value, but key uncertainties remain around structure, timing, and ultimate value realization, the analyst added.