Alert: Positive Investment/Fundamental Signals (2/28/24)-Textron Inc (NYSE: TXT)

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Textron Inc (NYSE: TXT) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Recent notable positive changes in investment behavior have benefitted Textron Inc (NYSE: TXT): the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

TXT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Textron has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Textron has a neutral Appreciation Score of 50 but a very high Power Rating of 93, producing the Positive Value Trend Rating.

Recent Price Action

Textron Inc (NYSE: TXT) stock closed at $87.60 on 2/28/24 after a slight decline of -0.08%. However, below average trading volume at 82% of normal accompanied the decline. The stock has risen 3.6% during the last week and has been exceptionally strong relative to the market over the last nine months.

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