Textron Reports First Quarter 2020 Results

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Go back to Textron Reports First Quarter 2020 Results

Textron (TXT) PT Lowered to $26 at Vertical Research Partners

April 30, 2020 12:24 PM EDT

Vertical Research Partners analyst Robert Stallard lowered the price target on Textron (NYSE: TXT) to $26.00 (from $30.00) while maintaining a Hold rating.

The analyst commented, "Textons short cycle, discretionary products have been hit hard by COVID-19, and there could be more downside to... More

Textron (TXT) Misses Q1 EPS by 12c

April 30, 2020 6:31 AM EDT

Textron (NYSE: TXT) reported Q1 EPS of $0.35, $0.12 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $2.78 billion versus the consensus estimate of $2.97 billion.

Outlook

Textron is well-prepared to handle this period of uncertainty. Our financial profile consists of... More