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TXT

Textron

$48.59

-0.11 (-0.23%)

18:50
12/22/16
12/22
18:50
12/22/16
18:50

Textron completes first flight of Scorpion jet

Textron companyTextron AirLand announced the successful maiden flight of the first production conforming Scorpion jet. This program milestone closely follows the recent successful weapons capability exercise on the prototype Scorpion completed in early October.

TXT Textron
$48.59

-0.11 (-0.23%)

10/06/16
BARD
10/06/16
INITIATION
Target $48
BARD
Outperform
Textron initiated with an Outperform at Baird
Baird analyst Peter.Arment initiated Textron with an Outperform and a $48 price target.
10/28/16
VERT
10/28/16
INITIATION
Target $46
VERT
Buy
Textron initiated with a Buy at Vertical Research
Vertical Research analyst Robert Stallard initiated Textron with a Buy and a $46 price target.
12/14/16
COWN
12/14/16
NO CHANGE
Target $61
COWN
Outperform
Textron price target raised to $61 from $51 at Cowen
Cowen analyst Cai von Rumohr said Textron's defense operations "look flattish" through 2019, though he added that President-elect Trump's "buy smarter" approach to defense purchases may be more favorable than current policy to the company's self-financed Scorpion. Also, Trump's win looks positive for business jet demand, said von Rumohr, who raised his price target on Textron to $61 from $51 and keeps an Outperform rating on the shares.
12/22/16
BARD
12/22/16
NO CHANGE
Target $60
BARD
Outperform
Textron price target raised to $60 from $48 at Baird
Baird analyst Peter Arment raised his price target on Textron to $60 from $48 to reflect a higher valuation multiple as he believes the long downturn in Bizjets will end in 2017 and the company remains the best positioned with a refreshed portfolio. Arment maintained his Outperform rating on Textron shares.

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