UPDATE: Goldman Sachs Upgrades Textron (TXT) to Conviction Buy

July 16, 2021 4:10 AM EDT
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Price: $60.48 --0%

Rating Summary:
    16 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 4 | New: 22
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(Updated - July 16, 2021 4:11 AM EDT)

Goldman Sachs analyst Noah Poponak upgraded Textron (NYSE: TXT) from Buy to Conviction Buy with a price target of $82.00.

The analyst comments "We add TXT to the US Conviction Buy List. The business jet market continues to strengthen, in a way that increasingly looks long-term sustainable, particularly in Cessna's categories of the market; while the rest of TXT also has upside drivers. Yet shares still trade at a sizable valuation discount to other aerospace companies, including those with business jet exposure; and consensus estimates look too low."

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 $66.90 yesterday.

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