Why Did Goldman Sachs Upgrade Textron?

By Priya Nigam4 days ago


Textron Inc. (NYSE: TXT) seems poised to benefit from improvement in the business jet market and the industrial and commercial helicopter segments, according to Goldman Sachs.

The Textron Analyst: Noah Poponak upgraded the rating for Textron from Neutral to Buy, while raising the price target from $45 to $71.

The Textron Thesis: A sharp decline in the used inventory available for sale in recent months indicates an improvement in the business jet market, ...

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