Textron shares dropped 9% yesterday as investor concerns about business jet demand came to the forefront following the company's Q2 results, JPMorgan analyst Seth Seifman tells investors in a research note. The market now seems "quite skeptical" of earnings per share greater than $4.00 next year, adds Seifman. The analyst, however, says that barring a recession, he still sees a path to $4 in earnings per share next year. He believes Textron is "looking more interesting after the selloff" and keeps an Overweight rating on the name with a $58 price target.

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Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.