Textron Surges on Jefferies’ Price Bump

Textron Inc. Reports Positive Developments and Receiving Optimistic Update from Jefferies

Textron Inc. received a positive update from Jefferies, a financial services company, as it raised its price target on the stock to $105 from $100. Along with the update, Jefferies reiterated a Buy rating for Textron. The adjustment in the price target is based on the positive developments highlighted in Textron’s annual 10-K report.