Textron price target raised at Baird

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

Baird analyst Peter Arment has raised his PT on Textron (NYSE:TXT) to $60 from $48 to reflect a higher valuation multiple and maintained his Outperform rating on shares.

He believes the long downturn in bizjets will end in 2017 and the company remains the best positioned with a refreshed portfolio.

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