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Textron up after Q3 profit beat, profit forecast raise

By Reuters News20 hours ago Updated

** Shares of aerospace, defense and industrial conglomerate Textron TXT.N rise 7.7% to $84.3 premarket

** Stock set to open at its highest in about two months, if gains hold

** Co raises its FY adj. EPS forecast to a range of $6.55 to $6.65, up from its previous forecast of $6.40 to $6.60

** Reports Q3 adj EPS of $1.76, above analysts' estimates of $1.45, according to data compiled by LSEG

** Reports Q3 revenue of $3.75 billion, in line with analysts' expectations

** Eight of 17 brokerages rate the stock "buy" or higher, and 9 "hold"; their median PT is $99.62

** As of last close, TXT down 10.2% YTD

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