J.P. Morgan Reaffirms Their Hold Rating on Textron (TXT)
In a report released yesterday, Seth Seifman from J.P. Morgan maintained a Hold rating on Textron, with a price target of $90.00. The company’s shares closed yesterday at $87.82.
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According to TipRanks, Seifman is a 5-star analyst with an average return of 17.7% and a 75.63% success rate. Seifman covers the Industrials sector, focusing on stocks such as Boeing, Elbit Systems, and GE Aerospace.
The word on The Street in general, suggests a Hold analyst consensus rating for Textron with a $99.00 average price target, representing a 12.73% upside. In a report released yesterday, TipRanks – xAI also downgraded the stock to a Hold with a $95.00 price target.
Based on Textron’s latest earnings release for the quarter ending January 3, the company reported a quarterly revenue of $3.61 billion and a net profit of $141 million. In comparison, last year the company earned a revenue of $3.61 billion and had a net profit of $141 million
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- Textron price target raised to $92 from $86 at Morgan Stanley
- Textron: Excessive Selloff vs. Solid Long-Term Potential, but Aviation Margin Uncertainty and Near-Term Cash Headwinds Justify a Hold
- Textron price target lowered to $97 from $107 at Citi
- Balanced Risk-Reward Keeps Textron at Hold Amid Incremental Growth and Margin Pressures
- Textron: Aviation Strength Offset by MV-75 Headwinds, Capex Step-Up, and Portfolio Uncertainty Supports Hold Rating
