Morgan Stanley Downgrades Textron to Equal-Weight, Maintains Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has downgraded Textron (NYSE:TXT) from Overweight to Equal-Weight while maintaining the price target at $95.
August 08, 2024 | 11:17 am
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Morgan Stanley has downgraded Textron from Overweight to Equal-Weight, maintaining the price target at $95. This downgrade may indicate a less optimistic outlook for Textron's stock performance in the near term.
The downgrade from Overweight to Equal-Weight by a major financial institution like Morgan Stanley suggests a shift in sentiment towards Textron's stock. Maintaining the price target at $95 indicates that while the stock is not expected to decline significantly, it may not outperform the market in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100