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Baird Maintains Textron(TXT.US) With Buy Rating, Cuts Target Price to $100

Futu News ·  Oct 25 20:31  · Ratings

Baird analyst Peter Arment maintains $Textron (TXT.US)$ with a buy rating, and adjusts the target price from $109 to $100.

According to TipRanks data, the analyst has a success rate of 67.5% and a total average return of 14.4% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $Textron (TXT.US)$'s main analysts recently are as follows:

  • Textron experienced a shortfall in Q3 and has reduced its EPS and free cash flow forecasts, citing the strike's impact on both Q3 and Q4. Nevertheless, the company anticipates a recovery by 2025, with Aviation revenue surpassing the initial 2024 projections as deliveries begin to increase once again. Analysts highlight the business jet segment as the most significant influence on Textron's share value and forecast that as revenue escalates while the book-to-bill ratio and backlog diminish, cycle-related apprehensions could affect the company's stock performance.

  • A recent five-week strike at Textron Aviation operations in Wichita, KS has led to a reduction in deliveries for 2024, impacting the earnings per share estimate for that year. However, with the workforce resuming, the prospects for recovery and growth in 2025 are looking positive.

Note:

TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.

Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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