B of A Securities Upgrades Textron to Buy, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Epstein upgraded Textron (NYSE:TXT) from Neutral to Buy and increased the price target from $85 to $105.
March 08, 2024 | 1:01 pm
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POSITIVE IMPACT
Textron upgraded from Neutral to Buy by B of A Securities, with a price target increase from $85 to $105.
The upgrade to Buy status and the significant increase in price target by a reputable analyst like Ronald Epstein from B of A Securities is likely to instill confidence among investors and could lead to a short-term increase in Textron's stock price. Analyst upgrades often serve as a positive signal to the market, suggesting improved future performance or undervaluation at the current price levels.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100