Cowen sees a 30% rally ahead for this business jet and electric aircraft play

A Cessna Citation Latitude business jet, manufactured by Cessna Aircraft Co., a unit of Textron Inc., sits on display during a media preview day at the Singapore Airshow.
Ore Huiying | Bloomberg | Getty Images

Cowen sees upside ahead for industrial conglomerate Textron, citing strong demand for business jets and a burgeoning industry for electric vertical take-off and landing, or eVTOL, aircrafts.