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Credit Suisse announced Textron (NYSE:TXT), bumping up its stock price target to $50.00 today

Just yesterday Textron (NYSE:TXT) traded 1.09% higher at $48.30. Textron’s 50-day moving average is $48.74 and its 200-day moving average is $47.72. The last closing price is up 3.18% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 740,709 shares of TXT traded hands, down from an average trading volume of 1,257,620

In a report released on 5/25/2017 Credit Suisse increased the stock price target of Textron (NYSE:TXT) to $50.00 reporting a possible upside of 0.04%.

Recent Performance Chart

Textron (NYSE:TXT)

Textron has 52 week low of $37.19 and a 52 week high of $50.93 with a PE ratio of 15.05 and has a market capitalization of $0.

In addition to Credit Suisse reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $45.67 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Textron (NYSE:TXT)

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation. The Bell segment supplies military helicopters and support to the United States Government and to military customers outside the United States. The Textron Systems segment is a supplier to the defense, aerospace and general aviation markets. The Industrial segment designs and manufactures a range of products within three product lines: fuel systems and functional components, specialized vehicles and equipment, and tools and test equipment. The Finance segment is a commercial finance business that consists of Textron Financial Corporation (TFC) and its subsidiaries.

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