Wells Fargo raised the firm’s price target on Heico (HEI) to $278 from $244 and keeps an Equal Weight rating on the shares. The firm says the company saw strong aftermarket demand in Q2 with indications of further strength to come in the second half of the year. Wells’ numbers move higher, but at its current valuation it remains on the sidelines.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- HEICO Corporation Reports Record Earnings and Strategic Growth
- Heico price target raised to $323 from $277 at Truist
- Morning Movers: Stocks jump as court blocks tariffs, Nvidia strong again
- Heico price target raised to $315 from $285 at RBC Capital
- Heico reported Q2 EPS $1.12, consensus $1.03 on Tuesday