NEW YORK, NY / ACCESSWIRE / August 23, 2019 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Textron Inc. (“Textron” or “the Company”) (NYSE:TXT). Investors who purchased Textron stock are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/txt.
The investigation concerns whether Textron and certain of its officers and/or directors have violated federal securities laws.
On October 18, 2018, Textron reported weak third quarter 2018 earnings and cut its full-year 2018 forecast. Textron blamed the shortfall on heavy discounts issued by Textron to clear out old inventory. Analysts immediately lowered their price targets on Textron stock, citing inventory concerns at the Company’s Arctic Cat Inc. subsidiary. On this news, Textron’s stock price fell $7.29 per share, or 11.25%, to close at $57.49 per share on October 18, 2018.
If you are aware of any facts relating to this investigation, or purchased Textron shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/txt. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC