Textron price target raised to $99 from $89 at UBS

UBS raised the firm’s price target on Textron (TXT) to $99 from $89 and keeps a Neutral rating on the shares. This quarter appears more selective, with more negative than positive stock reactions, even as commercial OE build rates continue to improve, demand remains strong, and supply chains look stable, supporting a shift toward normalized earnings valuations, the analyst tells investors in a research note. Aftermarket growth stays robust despite potential second-half deceleration risk, while Defense and Government IT performance may hinge more on budget and geopolitical narratives than near-term earnings catalysts, creating clear winners and laggards, UBS says.