BofA/Merrill downgraded Textron two notches to Underperform from Buy and cut its price target to $45 from $53. Analyst Ronald Epstein said medium term organic growth is being pressured by end market weakness in business jets, helicopters, and industrial products. The analyst lowered his 2018 earnings estimate to $2.80 from $2.95, 2019 to $3.15 from $3.35, 2020 to $3.45 from $3.70, and 2021 to $3.80 from $4.10.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here