Fly News Breaks for August 9, 2019
Aug 9, 2019 | 07:51 EDT
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.
News For TXT From the Last 2 Days
Oct 17, 2019 | 09:47 EDT
Textron is down -4.9%, or -$2.49 to $47.98.
Oct 17, 2019 | 09:16 EDT
UP AFTER EARNINGS: Netflix (NFLX), up 7%... Morgan Stanley (MS), up 4%... KeyCorp (KEY), up 2%... Phillip Morris (PM), up 1.5%... Dover (DOV), up 1%. DOWN AFTER EARNINGS: IBM (IBM), down 6%... Union Pacific (UNP), down 2%... Textron (TXT), down 6%... Chart Industries (GTLS), down 6%. ALSO LOWER: Cheesecake Factory (CAKE), down 2% after Raymond James analyst Brian Vaccaro downgraded shares to Market Perform from Outperform, citing his view that lower near-term comp visibility and a below-Street 2020 EPS estimate offset his favorable outlook of its recently acquired growth concepts and the stock's reasonable valuation.
Oct 16, 2019 | 13:19 EDT
Notable companies reporting before tomorrow's open, with earnings consensus, include Philip Morris (PM), consensus $1.36... Honeywell (HON), consensus $2.01... Union Pacific (UNP), consensus $2.30... Morgan Stanley (MS), consensus $1.11... BB&T (BBT), consensus $1.03... SunTrust Banks (STI), consensus $1.41... PPG Industries (PPG), consensus $1.61... M&T Bank (MTB), consensus $3.57... KeyCorp (KEY), consensus 46c... Genuine Parts (GPC), consensus $1.47... Dover (DOV), consensus $1.51... Textron (TXT), consensus 85c.