Stifel resumed coverage of Heico (HEI) with a Buy rating and $352 price target The firm says Heico is a long-term winner in aerospace and defense as it harvests cash from its “attractive” aerospace parts and electronics businesses to pursue accretive acquisitions. The Buy rating reflects the company’s successful acquisition track record, ongoing strength in commercial aerospace, and diversified exposure in space and defense, the analyst tells investors in a research note.
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