Wedbush Upgrades HEICO (HEI) to Outperform; Raising Numbers Strong Fundamentals and Solid Cash Flows
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Price: $355.04 +1.27%
Rating Summary:
21 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
21 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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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.
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.
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