Barclays Maintains an 'Overweight' on Textron (TXT); Bell Shines, Cessna Still Risky

Barclays maintains an 'Overweight' on Textron (NYSE: TXT) price target of $25.00.

Barclays analyst says, "We've raised our 2011 EPS estimate to $1.10 driven primarily by higher earnings forecasts at Bell. Although recent strength and a lack of positive catalysts on the business jet demand front could pressure near-term performance, we continue to think on a 12 month view, there is a reasonably high likelihood that TXT will see a seemingly elusive recovery begin to take hold. With the shares trading at about 11x 2012 trough-type earnings, we think this points to significant potential upside from current levels."

For more ratings news on Textron click here and for the rating history of Textron click here.

Shares of Textron closed at $18.59 yesterday.

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