Cowen & Co. Thinks Textron Inc’s Stock is Going to Recover


Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Textron Inc (TXT) today and set a price target of $70. The company’s shares closed on Friday at $49.47, close to its 52-week low of $49.19.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.1% and a 57.9% 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 Strong Buy analyst consensus rating for Textron Inc with a $68.67 average price target, implying a 38.8% upside from current levels. In a report issued on December 14, J.P. Morgan also maintained a Buy rating on the stock with a $58 price target.

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Textron Inc’s market cap is currently $12.02B and has a P/E ratio of 14.34. The company has a Price to Book ratio of 2.17.

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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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