RTTNews | Jun 29, 2021 10:58AM EDT

10:57 Tuesday, June 29, 2021 (RTTNews.com) - Shares of aircraft and defense company Textron Inc. (TXT) are up 3 percent on Tuesday's trading after Morgan Stanley upgraded it to overweight from equal weight.

According to reports, the upgrade was done keeping the recent rebound in business jets segment as well as the company's good performance in electrical vertical take off and landing technologies.

The stock is currently trading at $69.60, up $2.35 or 3% on the NYSE. TXT has traded between $30.06 and $70.68 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3205788/textron-rises-3-following-broker-recommendation.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved