Textron Reaches Analyst Target Price
March 11, 2024 at 07:15 AM EDT
In recent trading, shares of Textron Inc (TXT) have crossed above the average analyst 12-month target price of $91.08, changing hands for $92.13/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..