Textron (TXT) PT Raised to $70 at Stephens, Says Aviation Backlog Points to Business Jet Recovery
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Price: $86.54 --0%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 7
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 7
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Stephens raised its price target on Textron (NYSE: TXT) to $70.00 (from $66.00) while maintaining a Equal Weight rating.
Analyst Drew Lipke remains sidelined on the name citing balanced risk/reward. The analyst sees a realistic scenario of over 20% increase to his 2019 estimates with a recovery in the business jet market and sees a bull-case scenario where the equity trades upwards of $75.00.
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