Goldman Sachs analyst Noah Poponak upgraded Textron to Conviction Buy from Buy with a $98 price target. The analyst likes the company’s favorable exposure to sustained growth in business jet demand. When coupled with supply constraints, it should drive pricing power and strong margins, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TXT:
- M & A News: Bezos’ Blue Origin Competes to Acquire Musk’s SpaceX Rival
- Textron price target raised to $90 from $88 at Morgan Stanley
- Laser Photonics receives order for MarkStar Pro Laser Marking System
- Textron awarded $128.18M Navy contract modification
- Textron enters agreement with ATP Flight School for 40 Cessna Skyhawks