Textron Remains Attractive To Morgan Stanley

Textron TXT shares have been trading sub $20 for some time. According to Morgan Stanley, the share price appears to anticipate a sustained multi-year downturn in business jets with no rebound in sight from current levels over the next several years. Although Textron has bounced off recent lows, Morgan Stanley believes current levels remain compelling considering the free option on a Cessna recovery. Textron is almost 5% higher today at $20.07