Cowen & Co. analyst Cai Rumohr maintained a Buy rating on Textron Inc (TXT) today and set a price target of $60. The company’s shares closed yesterday at $48.25.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 14.1% and a 68.2% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and Spirit AeroSystems.
Currently, the analyst consensus on Textron Inc is a Moderate Buy with an average price target of $62.50, a 29.5% upside from current levels. In a report issued on July 29, Barclays also maintained a Buy rating on the stock with a $65 price target.
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Textron Inc’s market cap is currently $11.1B and has a P/E ratio of 9.73. The company has a Price to Book ratio of 2.08.
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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.
