Shares of Textron Inc (TXT) recently surpassed the average analyst 12-month target price of $91.08, trading at $92.13. This shift prompts analysts to evaluate whether to downgrade their valuations or raise target prices based on recent company developments.
There are 12 analysts contributing to the average target, with individual estimates ranging from $70.00 to $105.00 and a standard deviation of $10.10. Currently, the ratings breakdown shows 8 strong buy ratings, 4 hold ratings, and 1 strong sell rating, resulting in an average rating of 1.92 (on a scale where 1 is strong buy and 5 is strong sell).
Investors are advised to consider the implications of the stock’s movement in relation to analyst expectations, as this could indicate whether it is time to hold, buy, or sell their shares.
