Topeka Capital Starts HEICO (HEI) at Buy
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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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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.
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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