Wells Fargo initiated coverage on Textron (NYSE: TXT) with a Outperform rating and a price target of $43-$45. Analyst Sam J. Pearlstein thinks business jets will recover, and he anticipates cost reductions well help drive margin improvement.

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 $36.45 yesterday.