Textron (TXT) Gains on Strong Business Jet Demand, UBS Upgrade

Textron Inc. (NYSE:TXT) ranks among the best drone stocks to buy according to analysts. On July 28, UBS raised its price target for Textron Inc. (NYSE:TXT) from $73 to $88 while upgrading it from Sell to Neutral. UBS’s assessment that business jet demand is still strong is reflected in the upgrade, while Textron has removed its troubled Powersports division from its holdings.

Textron (TXT) Gains on Strong Business Jet Demand, UBS Upgrade

Bell margin expectations have reset lower, according to UBS, which also sees little chance of a decline from consensus projections for 2025 and 2026. Over the past year, aviation orders have fared better than UBS had predicted, and although the firm still sees oversupply risk, it no longer anticipates a short-term cyclical drop as backlog provides additional buffer.

Textron Inc. (NYSE:TXT) uses its network of aircraft, defense, finance, and industrial firms to make products for consumers in a variety of industries. Some of the company’s notable subsidiaries include Lycoming Engines, Bell Textron, Textron Aviation, Arctic Cat, and Textron Systems.

While we acknowledge the potential of TXT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TXT and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.