TD Cowen analyst Cai von Rumohr maintains $Textron (TXT.US)$ with a hold rating, and adjusts the target price from $95 to $90.
According to TipRanks data, the analyst has a success rate of 64.3% and a total average return of 9.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Textron (TXT.US)$'s main analysts recently are as follows:
Textron's performance in Q3 fell short, prompting a revision of its EPS and free cash flow forecasts due to the effects of a strike impacting both Q3 and Q4. Nevertheless, a recovery is anticipated in 2025 with Aviation revenue surpassing the initial guidance for 2024 as delivery volumes increase. The business jet segment is considered the most significant influence on the stock's performance. There is a persistent concern about the cyclical risk in this segment over the long term. As revenue escalates, alongside a decrease in book-to-bill and backlog, cycle-related apprehensions are expected to affect the stock's value.
The recent five-week strike at Textron Aviation operations in Wichita, KS has led to a reduction in the forecast for deliveries in 2024, impacting the earnings per share estimate for that year. However, with the workforce now resuming, the outlook for recovery and growth in 2025 appears positive.
Note:
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