Textron price target raised to $100 from $89 at Susquehanna

Susquehanna analyst Charles Minervino raised the firm’s price target on Textron to $100 from $89 and keeps a Positive rating on the shares. The firm said they posted solid 4Q results to close out the year, and the firm is impressed by the high-end execution across the major business segments. Demand for the Aviation segment’s offerings is strong, as the segment’s backlog ended the year at $7.2bn, an increase of nearly $800mn year-over-year.