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Stock impact report

Textron: Demand Is Robust And Its Venture Into Unmanned Cargo Aircraft Segment [Seeking Alpha]

Mesa Air Group, Inc. (MESA) 
Last mesa air group, inc. earnings: 2/10 04:02 pm Check Earnings Report
Company Research Source: Seeking Alpha
I expect TXT to trade closer to peers. The demand for TXT's aviation products remains robust, and its venture into the unmanned cargo aircraft segment offers potential revenue growth. Summary Readers may find my previous coverage via this link . My previous rating was a buy as I believed Textron ( NYSE: TXT ) was trading at a low multiple and it should trend upwards as it continues to deliver positively on its financial performance. I am reiterating my buy rating for TXT as yet again it is trading at a low PE. With its strong revenue growth and margin expansion reported in 3Q23, driven by strong volume and pricing, I believe TXT should be trading at 17x PE. Valuation Based on my view of the business, I anticipate 7% growth for the next two years, which is in line with market consensus. This estimate was driven by the strength TXT showed during the quarter, with revenue growing 8.6% and margins expanding. This strong growth was driven by higher volume and pricing as well as Show less Read more
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