From MarketBeat:



Equity research analysts at StockNews.com downgraded Textron (NYSE:TXT) from a “strong-buy” rating to a “buy” rating. Several other brokerages have also given their rating, with an average rating of “Hold” and an average price target of $83.57. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 17.33, and a debt-to-equity ratio of 0.45. Textron last announced its quarterly earnings results, reporting $1.49 EPS for the quarter, beating the consensus estimate of $1.27. Director R Kerry Clark sold 9,353 shares of the stock in October, while institutional investors have been modifying their holdings of the company. Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. MarketBeat has identified five stocks that top analysts are whispering to their clients to buy now before the broader market catches on. Despite having a “Hold” rating, top-rated analysts believe these five stocks are better buys.



Original: Textron (NYSE:TXT) Stock Rating Lowered by StockNews.com