Horizon Aircraft initiated with a Buy at EF Hutton

EF Hutton initiated coverage of Horizon Aircraft with a Buy rating and $2 price target Horizon Aircraft is a Canadian-based aviation company that is in the process of developing and commercializing its first hybrid electric vertical takeoff and landing aircraft: the Cavorite X7, the analyst tells investors in a research note. The firm sees the company manufacturing its first full-scale X7 over the next two years, with certification and subsequent commercialization targeted for fiscal 2027.