EarlyBird Capital Has Hold on Textron

EarlyBird Capital is out with a research report on Textron (NYSE: TXT) and it has a Hold rating on shares.

In a note to clients, EarlyBird writes, "We were impressed by the improvements/progress made at TXT. That said, we believe there is still some execution risk in future improvements. This concern when coupled with our reticence towards a business jet recovery causes us to reiterate our HOLD rating on TXT."

Shares of TXT closed at $18.59 yesterday.