Cowen Analysts Upgrade Textron on Bizjet, eVTOL Vigor
Cowen analysts note several factors that could extend business jet demand and improve profitability for Textron Aviation and its parent company.
Analysts at investment firm Cowen expect business jet sales at Textron Aviation to remain robust in the third quarter, noting the low availability of preowned Cessna Citations and continued increased demand for private jet lift during the pandemic. (Photo: Textron Aviation)
Analysts at investment firm Cowen expect business jet sales at Textron Aviation to remain robust in the third quarter, noting the low availability of preowned Cessna Citations and continued increased demand for private jet lift during the pandemic. (Photo: Textron Aviation)

Analysts at Cowen have upgraded Textron to outperform based in part on Textron Aviation’s strength in the business jet market and Bell’s “underappreciated eVTOL play,” according to a report published by the investment firm this week. Specifically, the report notes that the percentage of preowned Textron Aviation business jets—meaning Cessna Citations—for sale has dropped by half since September 2020, to 4.2 percent of the in-service fleet. It adds: “Dealers report buyers’ frenzy, driving prices up.”