Wedbush Upgrades HEICO (HEI) to Outperform; Raising Numbers Strong Fundamentals and Solid Cash Flows

Wedbush upgraded HEICO (NYSE: HEI) from Neutral to Outperform, price target raised from $51 to $55.

Wedbush analyst says, "We believe HEICO represents a relatively lower risk opportunity, but with still strong fundamentals and outlook. We view the recent pullback—off 23% from the July 8 high as compared to a 17% drop in the S&P500—as representing a better entry point for the stock...Our 3Q 11 estimate is now $0.43, with our full-year fiscal estimate up to $1.69 from $1.65, and our fiscal 2012 estimate is now $1.97."

For more ratings news on HEICO click here and for the rating history of HEICO click here.

Shares of HEICO closed at $44.34 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• TD Cowen Upgrades Northland Power Inc. (NPI:CN) (NPIFF) to Buy
• JPMorgan Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral