Textron Inc. Manufactures a Mixed Quarter, Reduces Earnings Guidance
Textron Inc. (NYSE: TXT) announced mixed third-quarter 2017 results on Thursday morning, highlighting solid top-line performances from Bell Helicopter and the Textron Systems division. But that growth was once again partially offset by a decline from Textron Aviation. With profitability headwinds from its industrial business, Textron followed by modestly reducing its earnings outlook for the full year.
After falling as much as 4.6% early in the day, Textron stock ultimately settled to close down around 0.9%. Let's take a closer look, then, at how the leading industrial conglomerate kicked off the second half of the year, as well as what investors can expect going forward.
IMAGE SOURCE: TEXTRON/BELL HELICOPTER.
Source: Fool.com
Textron Inc. Stock
€85.18
1.110%
We see a rather positive sentiment for Textron Inc. with 18 Buy predictions and 2 Sell predictions.
With a target price of 95 € there is a slightly positive potential of 11.53% for Textron Inc. compared to the current price of 85.18 €.
