Textron Reiterates Buy on Textron (TXT)

Goldman Sachs is out with its report today on Textron 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 management. Our estimates and price target are unchanged." At the time of posting, shares of TXT were trading at $27.20, up 0.41% from Monday's close.