NEW YORK, Nov. 18, 2013 /PRNewswire/ -- Textron Inc. (NYSE:TXT: $31) has been picked by S&P Capital IQ as its Focus Stock of the Week. TXT carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"We see Textron as a solid long-term growth business," said Eric Hugel, equity analyst at S&P Capital IQ. "Recently though, sales and earnings disappointments at the Cessna and Bell businesses have resulted in the stock currently trading at a significant discount to the S&P Aerospace & Defense Select Industry Index, a broad index of industry participants. While we believe this discount is understandable, we view the issues at Textron as largely cyclical and transitory in nature and believe the discount will decline back towards parity, its longer-term average relative to the group, as conditions across these two major business units improve over the next couple of quarters."
To view a video of Mr. Hugel discussing TXT click on the following link. http://bit.ly/SPCIQ111813
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