![]() ![]() He added that a growth in private travel post-pandemic and tight industry supply should allow Textron and its peers to "effectively manage supply/demand dynamics." Current wait lists for new aircraft stretch to more than two years, he noted - resulting in up to 360% backlog growth for Textron since 2019. Textron's valuation has already priced in a recessionary environment and reduced business jet demand, according to Gursky. ![]() "We are constructive on revenue and earnings visibility given recent backlog growth, particularly in the company's Aviation and Bell segments," analyst Jason Gursky wrote in a Wednesday note. Its price target of $90 implies shares rallying 34% over the next 12 months. The bank initiated coverage of the stock with a buy rating. Personal Loans for 670 Credit Score or LowerĬiti thinks aircraft maker Textron is due for a rebound after underperforming thus far in 2023. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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