Textron Inc Gets a Buy Rating from Jefferies

By Carrie Williams

Jefferies analyst Howard Rubel reiterated a Buy rating on Textron Inc (NYSE: TXT) today and set a price target of $60. The company’s shares opened today at $45.37.

According to TipRanks.com, Rubel is a top 25 analyst with an average return of 18.2% and a 82.1% success rate. Rubel covers the Consumer Goods sector, focusing on stocks such as Teledyne Technologies Inc, General Dynamics Corp, and Orbital Sciences Corp.

Textron Inc has an analyst consensus of Strong Buy, with a price target consensus of $56.50.

Based on Textron Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.09 billion and quarterly net profit of $101 million. In comparison, last year the company earned revenue of $3.2 billion and had a net profit of $150 million.

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Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance. The Textron Aviation segment manufactures, sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems; land and marine systems; weapons and sensors; and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf; Turf Care and Light Transportation Vehicles; Fuel Systems and Functional Components and Powered Tools; and Testing and Measurement Equipment product lines. The Finance segment consists of Textron Financial Corp. and its consolidated subsidiaries, which provides finances primarily to purchasers of new Cessna aircraft and Bell helicopters. The company founded by Royal Little in 1923 and is headquartered in Providence, RI.,000XP9-E