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.
Furthermore, according to the comprehensive report, the opinions of $Textron (TXT.US)$'s main analysts recently are as follows:
Textron's third quarter performance was below expectations, and the company has reduced its EPS and free cash flow forecasts due to the effects of a strike impacting both the third and fourth quarters. However, a recovery is projected by 2025 with Aviation revenue surpassing the initial guidance for 2024 as delivery rates increase. Business jets are considered a significant influencer of the stock's performance, with expectations that as revenue increases and both book-to-bill ratios and backlogs decline, cyclical worries may press down on the stock's value.
A recent five-week strike at Textron Aviation operations in Wichita, KS has impacted deliveries for 2024, leading to a revised earnings estimate for that year. However, with the workforce returning, the outlook for recovery in 2025 is seen as positive for growth.
Note:
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