Textron Stock Falls After Strike, I Still See Opportunities
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Textron's stock has been underperforming due to industrial pressures and a recent strike, leading to downward revisions in EBITDA and free cash flow estimates for 2024.
December 18, 2024 | 1:30 pm
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Textron's stock has been negatively impacted by a recent strike and pressures in its Industrials business, leading to downward revisions in EBITDA and free cash flow estimates for 2024.
The recent strike and industrial pressures have led to a downward revision in Textron's EBITDA and free cash flow estimates for 2024. This indicates potential short-term negative impacts on the stock price as investors react to reduced growth projections.
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