Bank of America Looks Ahead on Textron

Bank of America has published a research report on Textron (NYSE: TXT) after sitting down to lunch with management at the company.

In the report, Bank of America wrote, "On Monday 22 August Textron hosted a group of buy side and sell side analysts at lunch with Scott Donnelly, CEO, and Frank Connor, CFO. The lunch was an open Q&A format with most questions focused on Cessna. In our view the biggest takeaway was that the company has seen no change in its business trends over the last few weeks despite the market volatility."

Bank of America rated Textron a Buy with a price target of $27.50. Textron closed Monday at $14.88.