Morgan Stanley raised the firm’s price target on Heico (HEI) to $305 from $270 and keeps an Equal Weight rating on the shares. The firm continues to see a strong backdrop in aerospace and defense, which supports Heico’s products, but views the strong demand backdrop and growth opportunity as balanced with recent stock performance and current valuation compared to peers and history, the analyst tells investors.
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Read More on HEI:
- HEICO’s Growth Prospects Balanced by Elevated Valuation: Hold Rating Maintained
- Heico price target raised to $280 from $250 at Barclays
- Jefferies aerospace/defense analysts hold an analyst/industry conference call
- Heico price target raised to $278 from $244 at Wells Fargo
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