After hosting meetings with management, Jefferies analyst Sheila Kahyaoglu says Textron is "firing on all cylinders" within Aviation and Bell. However, the company's recent progress is overshadowed by Industrial, Kahyaoglu tells investors in a research note. Although the analyst views the channel issue "as at a bottom," she points out that a recovery is likely into 2020. As such, her estimates remain lower than consensus for 2019. The analyst lowered her price target for Textron to $68 from $74 and keeps a Buy rating on the name.
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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