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Textron Tempers Expectations for 2020

TheMotleyFool

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Textron (NYSE: TXT) came into earnings season in need of a catalyst to get investors excited about holding its shares. Fourth-quarter results did come in slightly ahead of expectations, but the company's tepid outlook for 2020 provided little reason for excitement.

Shares of Textron have underperformed the market by more than 33 percentage points over the last year, as the stock has been hit by a series of issues spread across the industrial conglomerate's vast portfolio.