Textron shares fall nearly 14% after analyst downgrade

04/14/2009 | Wall Street Journal, The · Forbes

The Wall Street Journal reports Textron is still in play as a takeover target, nearly a week after a Kuwaiti newspaper said investors in the Middle East wanted to acquire the company's civil aviation operations. After a sharp run-up in its stock price, shares in the maker of Cessna aircraft fell nearly 14% Monday amid uncertainty over the deal and concerns over first-quarter profits, which will be released April 29.

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Wall Street Journal, The · Forbes

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