Citi analyst John Godyn initiated coverage of Heico (HEI) with a Buy rating and $367 price target The firm launched coverage on 24 stocks in the aerospace and defense sector, saying the group faces a “number of megatrends” across commercial aerospace, defense, shipbuilding, and space. Citi sees these trends creating at least one trillion-dollar market cap company in the coming years. GE Aerospace could get there in as little as five years, Citi contends. The firm calls RTX “the Marquee Megatrend stock” and believes Boeing is an “unusually attractive mega-cap turnaround” story. The analyst expects improving trends in Q4 and continued momentum in Q1 for the sector.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- ‘It’s a Real Turning Point,’ Says Top Cowen Analyst About Boeing Stock
- Heico initiated with a Neutral at BNP Paribas Exane
- Heico to acquire Axillon Aerospace’s Fuel Containment business
- Major Moves: Fifth Third, HEICO, Transdigm, Cytokinetics, Vor Biopharma
- Verisign, HEICO, Transdigm, Albertsons, Cytokinetics: Insider Moves Unveiled!