Textron price target raised to $115 from $111 at Citi

Citi raised the firm’s price target on Textron to $115 from $111 and keeps a Buy rating on the shares. The company’s Q2 performance was in line with expectations on somewhat mixed performance across the segments and it maintained the 2024 outlook, the analyst tells investors in a research note. The firm says aviation continues to see solid demand but deliveries were negatively impacted by supply chain issues once again. Citi expects the environment to improve over time, but says this is still likely quarters away.