Barclays analyst David E. Strauss maintained a Buy rating on Textron Inc (TXT) on July 29 and set a price target of $65. The company’s shares closed yesterday at $49.30.
According to TipRanks.com, Strauss is a 4-star analyst with an average return of 6.5% and a 61.2% success rate. Strauss covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Boeing.
Currently, the analyst consensus on Textron Inc is a Moderate Buy with an average price target of $60, implying a 21.7% upside from current levels. In a report issued on July 17, Cowen & Co. also assigned a Buy rating to the stock with a $60 price target.
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Based on Textron Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.23 billion and net profit of $217 million. In comparison, last year the company earned revenue of $3.73 billion and had a net profit of $224 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.
