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Why Shares of Textron Are Falling Today

TheMotleyFool

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Shares of Textron (NYSE: TXT) fell more than 13% on Monday, dropping to a multiyear low, as part of the broader COVID-19 coronavirus-related market sell-off. Textron shares survived the late-January initial coronavirus market sell-off unsinged, but as the crisis has intensified and an industrial recession grows more likely, few manufacturing companies have been left unscathed.