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Robert W. Baird Maintains Their Buy Rating on Textron (TXT)

Robert W. Baird analyst Peter Arment maintained a Buy rating on Textron (TXTResearch Report) on January 24 and set a price target of $86.00. The company’s shares closed last Thursday at $70.62.

According to TipRanks.com, Arment is a 5-star analyst with an average return of 11.0% and a 63.1% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Raytheon Technologies, and Spirit AeroSystems.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Textron with a $87.00 average price target, representing a 23.9% upside. In a report issued on January 18, Jefferies also maintained a Buy rating on the stock with a $90.00 price target.

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Textron’s market cap is currently $15.57B and has a P/E ratio of 21.43.

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Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems; land and marine systems; weapons and sensors; and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf; Turf Care and Light Transportation Vehicles; Fuel Systems and Functional Components and Powered Tools; and Testing and Measurement Equipment product lines. The Finance segment consists of Textron Financial Corp. and its consolidated subsidiaries, which provides finances primarily to purchasers of new Cessna aircraft and Bell helicopters. The company founded by Royal Little in 1923 and is headquartered in Providence, RI.

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