Citi Reaffirms Their Hold Rating on Textron (TXT)

In a report released on May 15, John Godyn from Citi maintained a Hold rating on Textron, with a price target of $99.00. The company’s shares closed last Friday at $88.77.

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Godyn covers the Industrials sector, focusing on stocks such as SkyWest, Alaska Air, and Delta Air Lines. According to TipRanks, Godyn has an average return of -4.3% and a 30.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Textron with a $104.80 average price target, a 18.06% upside from current levels. In a report released on May 14, Bernstein also maintained a Hold rating on the stock with a $108.00 price target.

Based on Textron’s latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $3.7 billion and a net profit of $220 million. In comparison, last year the company earned a revenue of $3.31 billion and had a net profit of $207 million

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Kerry Clark, a Director at TXT sold 2,517.00 shares for a total of $234,307.53.