JPMorgan assumes coverage on Textron (TXT -1%) today, starting it at Overweight on the back of...

|About: Textron Inc (TXT)|By:, SA News Editor

JPMorgan assumes coverage on Textron (TXT -1%) today, starting it at Overweight on the back of its Q3 earnings announcement and raised guidance reported on Wednesday. The firm says that business jet demand should slowly rebound over the next few quarters, and based on the encouraging Q3 results, it appears the company's recent turnaround initiatives are taking hold.