Textron Inc Gets a Hold Rating from Stephens

By Ryan Adsit

Stephens analyst Drew Lipke reiterated a Hold rating on Textron Inc (NYSE: TXT) today and set a price target of $66. The company’s shares opened today at $59.11.

According to TipRanks.com, Lipke is a 2-star analyst with an average return of 3.3% and a 61.5% success rate. Lipke covers the Consumer Goods sector, focusing on stocks such as Albany International Corp, Transdigm Group Inc, and Flir Systems.

Currently, the analyst consensus on Textron Inc is Moderate Buy and the average price target is $67.80, representing a 14.7% upside.

In a report issued on April 12, Morgan Stanley also maintained a Hold rating on the stock with a $59 price target.

The company has a one-year high of $62.19 and a one-year low of $45. Currently, Textron Inc has an average volume of 1.62M.

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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.