Baird analyst Peter Arment maintains $Textron (TXT.US)$ with a buy rating, and adjusts the target price from $109 to $100.
According to TipRanks data, the analyst has a success rate of 67.5% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Textron (TXT.US)$'s main analysts recently are as follows:
Textron experienced a shortfall in Q3 and has reduced its EPS and free cash flow forecasts, citing the strike's impact on both Q3 and Q4. Nevertheless, the company anticipates a recovery by 2025, with Aviation revenue surpassing the initial 2024 projections as deliveries begin to increase once again. Analysts highlight the business jet segment as the most significant influence on Textron's share value and forecast that as revenue escalates while the book-to-bill ratio and backlog diminish, cycle-related apprehensions could affect the company's stock performance.
A recent five-week strike at Textron Aviation operations in Wichita, KS has led to a reduction in deliveries for 2024, impacting the earnings per share estimate for that year. However, with the workforce resuming, the prospects for recovery and growth in 2025 are looking positive.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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