Morgan Stanley analyst Kristine Liwag maintains $Textron (TXT.US)$ with a hold rating, and adjusts the target price from $95 to $90.
According to TipRanks data, the analyst has a success rate of 61.5% and a total average return of 10.6% 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 fell short, leading to a reduced outlook for EPS and free cash flow, primarily due to the strike's effects on the third and fourth quarters. However, a recovery is anticipated by 2025, with Aviation revenue projected to surpass the initially forecasted 2024 figures as delivery activities accelerate. The business jet sector is considered the most significant influence on the stock's movement. Despite the increase in revenue, with the book-to-bill ratio and backlog decreasing, long-term cycle risks are expected to impact the stock.
A five-week strike at Textron Aviation operations in Wichita, KS has led to a decrease in deliveries for 2024, consequently diminishing the EPS forecast for that year. Nonetheless, with the workforce resuming operations, the outlook for recovery and growth in 2025 appears promising.
Note:
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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.
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