Textron (TXT) Gets Some Love By the Street
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Price: $82.95 -1.68%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Textron Inc. (NYSE: TXT) is benefiting this morning from a upgrade to Conviction Buy at Goldman Sachs. The stock is up 4.5% to $16.20 in pre-open trading.
This is the second major upgrade of Textron in as many days. Yesterday, Morgan Stanley raised the stock to Overweight.
In its upgrade today, Goldman said the company's cyclical businesses are at or near trough and likely turning the corner,valuation is compelling, and catalysts lie ahead. The firm also set an aggressive $23 price target on Textron. For more on the upgrade click here.
This is the second major upgrade of Textron in as many days. Yesterday, Morgan Stanley raised the stock to Overweight.
In its upgrade today, Goldman said the company's cyclical businesses are at or near trough and likely turning the corner,valuation is compelling, and catalysts lie ahead. The firm also set an aggressive $23 price target on Textron. For more on the upgrade click here.
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