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Morgan Stanley upgrades Textron, sees big stock upside because of growing electric aircraft market

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Beechcraft King Air turboprop aircraft are seen on the assembly line at the Textron Aviation Inc. production facility in Wichita, Kansas, U.S., on Thursday, June 7, 2018.
Luke Sharett | Bloomberg | Getty Images

Morgan Stanley hiked its price target on industrial conglomerate Textron by more than 77%, citing a recovery in business jets and a burgeoning industry for electric vertical take-off and landing, or eVTOL, aircrafts.

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