Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Textron Inc (TXT) today and set a price target of $64. The company’s shares closed yesterday at $48.39.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 13.3% and a 67.7% 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 $57 average price target.
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Based on Textron Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.11 billion and net profit of $179 million. In comparison, last year the company earned revenue of $3.3 billion and had a net profit of $189 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.
