UBS Maintains Sell on Textron, Raises Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Gavin Parsons has maintained a Sell rating on Textron (NYSE:TXT) but increased the price target from $77 to $81.

January 26, 2024 | 5:05 pm
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UBS has reaffirmed a Sell rating on Textron but raised the price target to $81, indicating a potential downside based on the analyst's view.
The Sell rating suggests that UBS believes Textron's stock may not perform well in the near term. However, the increase in the price target could imply that the analyst sees some limited upside potential or less downside risk than previously thought. This mixed signal might lead to short-term uncertainty among investors, potentially exerting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100