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

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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