Morgan Stanley lowered the firm’s price target on Textron (TXT) to $90 from $95 on Friday and kept an Equal Weight rating on the shares. The firm notes the trike impacts and Industrial softness drove the lower earnings and free cash flow outlook for 2024, while Aviation demand remained positive with book to bill over 1-times.
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Read More on TXT:
- Textron price target lowered to $100 from $109 at Baird
- Textron price target lowered to $79 from $87 at UBS
- Morning Movers: UPS ascends and Textron descends after quarterly reports
- Textron reports Q3 adjusted EPS $1.40, consensus $1.49
- Textron lowers 2024 adjusted EPS view to $5.40-$5.60 from $6.20-$6.40