Cowen analyst Cai von Rumohr said Textron's decision to undergo a review for Kautex represents a 18- degree strategic shift for the company and suggests it wants to become an A&D pure play. The analyst said a Kautex divestiture could allow Textron to command a higher multiple with attractive optionality to enhance value. Rumohr reiterated his Outperform rating and $60 price target on Textron shares.
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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