Textron

Deutsche Bank made a number of updates in a research report published today. Deutsche Bank initiated coverage of FXCM (NASDAQ: FXCM) with a Hold rating and a price target of $11. In a research report published today, Deutsche Bank states, "We are initiating coverage on FXCM, a leading provider of...

Early Bird Capital initiated coverage of Textron (NYSE: TXT) with a Hold rating. In a research report published today, EBC states, "We are initiating coverage of the Textron, Inc. (TXT) with a HOLD rating... Opportunities include: well-diversified, barriers to entry, positioning to business jet...

Goldman Sachs changed its methodology for calculating price targets for the aerospace sector. In a research report published today, Goldman states, "We are rolling forward our Aerospace price target methodology of target P/E multiple to 2013 from 2012... Our framework now assumes a target 2013...

According to Morgan Stanley, Textron (NYSE: TXT) announced the retirement of Cessna President Jack Pelton. Morgan Stanley said that Cessna President's retirement strikes as right timing. “With TXT CEO Donnelly running Cessna until a replacement is found, we have heightened conviction for rolling...

According to Deutsche Bank, Textron (NYSE: TXT) announced the immediate retirement of Jack Pelton, CEO of Cessna since 2003 after the close. Deutsche Bank said that TXT's business jet operation accounts for ~25% of total sales and about half of the earnings growth expectation in the next couple of...

According to Deutsche Bank, Textron (NYSE: TXT) is lowered to Hold from Buy. Deutsche Bank reported that, following a sizeable move over the past 4 months and with business jet traffic data losing momentum and order activity still uncertain, it is lowering its rating to Hold from Buy. “The...

Deutsche Bank has downgraded Textron (NYSE: TXT.N) from Buy to Hold and maintains its $30 price target.

In a report published by J.P. Morgan, Textron (NYSE: TXT) is upgraded to Overweight. J.P. Morgan said that it is upgrading TXT to OW as fundamental catalysts build in the form of orders in key businesses, and it believes that the last consensus cut for this cycle is in, making valuation/sentiment...

JP Morgan has upgraded Textron (NYSE: TXT) from Neutral to Overweight and has raised the price target from $26 to $30.

Stifel Nicolaus is out with its report today on Textron (NYSE: TXT), upgrading shares of TXT from Hold to Buy. In a note to clients, Stifel Nicolaus writes, "We are revising our rating on TXT shares upward to Buy from Hold and establishing a 12-month target price of $32. Our target is based on an...

Goldman Sachs is out with its report today on Textron (NYSE: TXT), reiterating Buy. In a note to clients, Goldman Sachs writes, "We reiterate our Buy rating on TXT, given (1) above-average leverage to a cyclical recovery at Cessna, (2) the strong positioning of Bell, and (3) very strong new...

Citi released its report today on Textron (NYSE: TXT) after initiating coverage on TXT with a Hold rating and $26 price target. In its report, Citi writes, "We expect the company to generate 9% sales & 60% earnings between 2010E-2012E. With shares currently trading at 19x FTM EPS, we believe...