Cowen & Co. Reaffirms Their Buy Rating on Textron Inc (TXT)


Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Textron Inc (TXT) today and set a price target of $62. The company’s shares closed yesterday at $54.48.

According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 15.2% and a 72.1% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Textron Inc with a $56.80 average price target.

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The company has a one-year high of $72.87 and a one-year low of $43.27. Currently, Textron Inc has an average volume of 1.99M.

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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.

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