Textron Reports Third Quarter 2017 Results; Updates Full-Year EPS Range and Raises Cash Flow Guidance

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Textron (TXT) PT Raised to $65 at Jefferies

October 19, 2017 5:34 PM EDT

Jefferies raised its price target on Textron (NYSE: TXT) to $65.00 (from $60.00) while maintaining a Buy rating following Q3 beat.

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Textron (TXT) Tops Q3 EPS by 3c; Raises Cash Flow Guidance

October 19, 2017 6:32 AM EDT

Textron (NYSE: TXT) reported Q3 EPS of $0.65, $0.03 better than the analyst estimate of $0.62. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.55 billion.

GUIDANCE:

Textron sees FY 2017 EPS of $2.40-$2.50, versus the consensus of $2.52.

The... More