Wall Street Has a Consensus Hold Rating on Textron Inc. (TXT)

Textron Inc. (NYSE:TXT) is among the 7 Best Defense Dividend Stocks to Buy. On December 11, Citigroup initiated coverage of the stock with a Neutral rating and announced a share price target of $91.

Wall Street Has a Consensus Hold Rating on Textron Inc. (TXT)

The global investment bank recently launched coverage on aerospace and defense stocks, while noting several ‘megatrends’ in the sector, which Citi believes could help at least one company reach the $1 trillion mark in market capitalization over the coming years.

As of the close of business on December 22, Wall Street analysts have a consensus Hold rating on the stock, with a one-year average share price target of $89.14, representing a slight downside potential of 2%.

Textron Inc. (NYSE:TXT) has been a consistent dividend payer for well over three decades, according to records on the company’s website. On October 22, it declared a quarterly dividend of $0.02 per common stock, which is scheduled to be paid on January 1, 2026.

In other news, on December 17, the company announced it had sold a TSUNAMI autonomous vessel to the Naval Information Warfare Center Pacific to support the naval needs of the United States, Australia, and the United Kingdom.

This follows the sale of a 24-foot TSUNAMI vessel to the Naval Surface Warfare Center Dahlgren Division back in May this year.

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.

While we acknowledge the risk and potential of TXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TXT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.