Wells Fargo Initiates Coverage of Textron (TXT) with Equal-Weight Recommendation
Fintel reports that on April 1, 2026, Wells Fargo initiated coverage of Textron (NYSE:TXT) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 16.31% Upside
As of March 27, 2026, the average one-year price target for Textron is $101.84/share. The forecasts range from a low of $89.89 to a high of $120.75. The average price target represents an increase of 16.31% from its latest reported closing price of $87.56 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Textron is 14,951MM, an increase of 1.03%. The projected annual non-GAAP EPS is 6.44.
What is the Fund Sentiment?
There are 766 funds or institutions reporting positions in Textron. This is an decrease of 539 owner(s) or 41.30% in the last quarter. Average portfolio weight of all funds dedicated to TXT is 0.07%, an increase of 54.56%. Total shares owned by institutions decreased in the last three months by 17.96% to 153,221K shares. 
The put/call ratio of TXT is 1.12, indicating a bearish outlook.
What are Other Shareholders Doing?
Invesco holds 8,042K shares representing 4.62% ownership of the company. In its prior filing, the firm reported owning 8,271K shares , representing a decrease of 2.85%. The firm decreased its portfolio allocation in TXT by 2.37% over the last quarter.
Boston Partners holds 7,236K shares representing 4.16% ownership of the company. In its prior filing, the firm reported owning 7,258K shares , representing a decrease of 0.30%. The firm increased its portfolio allocation in TXT by 3.73% over the last quarter.
Aqr Capital Management holds 5,357K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 3,545K shares , representing an increase of 33.82%. The firm increased its portfolio allocation in TXT by 28.14% over the last quarter.
T. Rowe Price Investment Management holds 4,637K shares representing 2.66% ownership of the company. In its prior filing, the firm reported owning 8,210K shares , representing a decrease of 77.06%. The firm increased its portfolio allocation in TXT by 0.98% over the last quarter.
Geode Capital Management holds 4,562K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 4,585K shares , representing a decrease of 0.50%. The firm decreased its portfolio allocation in TXT by 47.06% over the last quarter.
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This story originally appeared on Fintel.