Topeka Capital Starts HEICO (HEI) at Buy

November 9, 2012 8:42 AM EST Send to a Friend
Get Alerts HEI Hot Sheet
Price: $60.10 -0.48%

Rating Summary:
    7 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 1 | New: 11
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Topeka Capital initiates coverage on HEICO (NYSE: HEI) with a Buy. PT $45.00.

The firm comments, "We believe Heico is one of the only true organic growth opportunities in the Aerospace & Defense industry, as its reverse engineered parts offer cost sensitive airline operators an alternative to high cost OEM manufactured aftermarket parts. Heico is the only company successfully operating an aftermarket-only model on a broad scale. Although we expect industry headwinds to pressure growth rates in the next 12-months, we believe Heico will be able to outpace industry peers growing at least 15% annually."

For an analyst ratings summary and ratings history on HEICO click here. For more ratings news on HEICO click here.

Shares of HEICO closed at $38.27 yesterday.

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