Q1 Earnings Preview: Jefferies Trims Price Target on Textron Inc. (TXT) to $110, Maintains Buy Rating

Textron Inc. (NYSE:TXT) is among the 10 Best Military Drone Stocks to Buy Right Now. As of the close of business on April 16, consensus holds a cautious view on the stock with an average share price upside potential of 8%.

Q1 Earnings Preview: Jefferies Trims Price Target on Textron Inc. (TXT) to $110, Maintains Buy Rating

Recent updates include Jefferies analyst Sheila Kahyaoglu trimming the stock’s price target to $110 from $115 on April 7, while maintaining a Buy rating.

According to a report from TipRanks, the adjustment was part of a first-quarter earnings preview. Jefferies anticipates the company’s EPS for the quarter to come in at $1.24 and miss estimates by six cents due to a weaker performance by Textron’s Bell and Industrials segments.

On April 2, Citigroup lifted its price target on Textron Inc. (NYSE:TXT) to $99 from $97 and reiterated a Neutral rating as part of the firm’s Q1 preview for aerospace and defense stocks. A day earlier, Wells Fargo initiated coverage on the stock with an Equal-Weight rating and announced a share price target of $92.

In other news, the company said on Monday that its Textron Aviation Defense business had received a five-year contract from the U.S. government valued at over $150 million to support the sustainment of more than 700 T-6 Texan II aircraft for the Air Force, Navy, and Army.

Textron Inc. (NYSE:TXT) manufactures products for consumers across several industries, through its six business segments: Bell, Textron Aviation, Textron eAviation, Textron Systems, Industrial, and Finance.

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