Textron price target lowered to $105 from $110 at Susquehanna

Susquehanna lowered the firm’s price target on Textron to $105 from $110 and keeps a Positive rating on the shares. The firm updated its model following 1Q24 earnings as the company also reported an expansion of its restructuring plan; the company incurred restructuring- related charges during the quarter and expects to incur additional severance costs in 2Q.