Textron (TXT) PT Raised to $108 at Bernstein SocGen Group

Bernstein SocGen Group analyst Douglas Harned raised the price target on Textron (NYSE: TXT) to $108.00 (from $94.00) while maintaining a Market Perform rating.

The analyst commented: "Into 2026 with signs of improving business jet demand; Textron shares fell sharply after it reported Q4 diluted EPS of $1.33 missing consensus of $1.49. Revenue of $4.18bn was above consensus $4.08bn. We saw this as an overreaction by the stock, which has since recovered. We raise our long-term outlook for Aviation, based on a higher forecast for business jet deliveries. Mix should improve with pricing benefits from CJ3 Gen2 and Ascend. Regarding the broader market, pre-owned jets for sale have started to move down, suggesting stronger demand. Expect steady growth in the business jet aftermarket. Bell margins have been diluted by the growth in MV-75 cost plus work. That margin pressure should stabilize. But, revenue growth longer-term could be flattened temporarily as MV-75 moves from development to production and V-22 revenue slows over time. We expect modest growth from Systems and Industrial segments. But, Aviation trends should be most important."

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