Textron (TXT) Continues Move Higher On New Wall Street Love Affair

Textron Inc. (NYSE: TXT) is continuing yesterday's 12% move higher following the recent double upgrade from big boys JP Morgan and Goldman Sachs. This morning the stock is up another 2.6%.

Yesterday, Goldman Sachs upgraded the stock to Conviction Buy with a $23 price target and on Tuesday JP Morgan upgraded the stock to Overweight. Goldman said the company's cyclical businesses are at or near trough and likely turning the corner,valuation is compelling, and catalysts lie ahead.

For analyst ratings and color on TXT click here.

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