According to Morgan Stanley, Textron TXT announced the retirement of Cessna President Jack Pelton.
Morgan Stanley said that Cessna President's retirement strikes as right timing. “With TXT CEO Donnelly running Cessna until a replacement is found, we have heightened conviction for rolling next few quarters of improved performance.”
Textron closed yesterday at $26.10.
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Posted In: Analyst ColorAnalyst RatingsIndustrial ConglomeratesIndustrialsJack PeltonMorgan StanleyTextron
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