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Fly News Breaks for February 17, 2017
TXT
Feb 17, 2017 | 08:42 EDT
Cowen analyst Cai von Rumohr said Textron's business jet recovery may hold Q1 earnings below consensus, providing a better buying opportunity for the shares. He suggested seasonal factors could cause Q1 to be the weakest of the year and that full year 2017 earnings remain intact with a potential for upside if business jet business trends pick up. Rumohr reiterated his Outperform rating and $60 price target on Textron shares.
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