Citing a slower economic recovery in the small and mid-cabin business jet market, Bank of America/Merrill Lynch is scaling back its estimates for Cessna deliveries this year. “Our previous assumptions were more optimistic for a recovery in small- and mid-deliveries at Cessna versus its competitors,” says the analyst. “Our new forecasts put the recovery more in line with Textron’s competitors.” Bank of America/Merrill Lynch predicts 32 Citation deliveries in the third quarter and 39 in the ...
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