Goldman Sachs Maintains Buy on Textron, Maintains $98 Price Target-Adds to Conviction List
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak has reaffirmed a Buy rating on Textron (NYSE:TXT) and maintained a price target of $98. Additionally, Textron has been added to Goldman Sachs' Conviction List, indicating a strong belief in the stock's potential.
January 02, 2024 | 2:49 pm
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POSITIVE IMPACT
Goldman Sachs has maintained a Buy rating on Textron with a $98 price target and added the stock to its Conviction List, suggesting a strong endorsement from the analyst.
The reaffirmation of a Buy rating and the maintenance of a $98 price target by Goldman Sachs, combined with the addition of Textron to the Conviction List, are strong positive signals to the market. This endorsement by a major investment bank is likely to instill confidence in investors and could lead to a short-term increase in the stock's price as the market reacts to the analyst's conviction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100