Goldman Sachs Upgrades Textron (TXT) to Buy

April 8, 2021 4:39 AM EDT
Get Alerts TXT Hot Sheet
Price: $59.09 -0.19%

Rating Summary:
    14 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 10 | New: 17
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Goldman Sachs analyst Noah Poponak upgraded Textron (NYSE: TXT) from Neutral to Buy with a price target of $71.00.

The analyst comments "We upgrade TXT to Buy from Neutral. Leading indicators in the business jet market have improved, especially in Textron's aircraft categories and for Cessna aircraft specifically. Its Industrial and commercial helicopter segments should benefit from an economic recovery. We see substantial upside to consensus earnings estimates, investor expectations appear low, and valuation levels are among the lowest in our coverage."

For an analyst ratings summary and ratings history on Textron click here. For more ratings news on Textron click here.

Shares of Textron closed at $57.07 yesterday.

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