TD Cowen Downgrades Textron to Hold, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
TD Cowen has downgraded Textron from Buy to Hold and reduced its price target from $103 to $95.
September 25, 2024 | 10:01 am
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TD Cowen analyst Cai Rumohr has downgraded Textron from Buy to Hold, reducing the price target from $103 to $95. This suggests a more cautious outlook on Textron's stock performance.
The downgrade from Buy to Hold indicates a less optimistic view on Textron's future performance, which could lead to a decrease in investor confidence and a potential short-term decline in stock price. The lowered price target further supports this cautious stance.
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IMPORTANCE 80
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