Aircraft maker Textron Inc. (
) on Thursday caught a big downgrade from analysts at Deutsche
The firm said it downgraded TXT from "Buy" to "Hold" with a $30
price target. That target suggests a 13% upside to the stock's
Wednesday closing price of $26.60.
Deutsche Bank cited a slowdown in the business jet market for
Textron shares fell 61 cents, or -2.3%, in premarket trading
The Bottom Line
Shares of Textron (
) have a .30% dividend yield, based on last night's closing stock
price of $26.60. The stock has technical support in the $24 price
area. If the shares can firm up, we see overhead resistance around
the $28-$29 price levels.
Textron Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
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, as well as a detailed explanation of
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