Jefferies raised the firm’s price target on Textron (TXT) to $95 from $85 and keeps a Buy rating on the shares after having hosted Lannie O’Bannion, SVP of Global Sales and Flight Ops, of Textron Aviation at the firm’s Business Aviation Summit. The near-term focus is on bringing new products to market, including the M2 Gen2, CJ3 Gen2, and Ascend, while Textron noted strong demand for the CJ4 Gen3, the analyst tells investors.
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