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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/SPCIQ111813About S&P Capital IQ S&P Capital IQ, a part of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information, visit