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Why Textron Shares Shot Higher in April

·2 min read
Why Textron Shares Shot Higher in April
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Shares of Textron (NYSE: TXT) climbed 14.6% in April, according to data provided by S&P Global Market Intelligence, fueled by a strong first-quarter earnings report. It's been a tough few years for Textron. Prolonged weakness in its Cessna business-jet unit, a sector that has never fully recovered from the 2008 financial crisis, has weighed on results, as have a series of one-time issues in various other units.