Benchmark lifts HEICO Corp PT on growing market for PMA parts

Heico

17/12/2024 12:06

** Benchmark lifts price target on aircraft generic parts
maker HEICO Corp  HEI.N  to $285 from $245
    ** New PT represents a 8.5% upside to the stock's last close
    ** Brokerage says continued adoption of parts manufacturer
approval (PMA) components, or generic components, by Asian
markets and international airlines a tailwind for HEI
    ** Also notes growth upside from HEI's pricing power from
market share gains post COVID, incoming Trump administration's
likely support for PMA approvals and Wencor synergies
    ** Thirteen brokerages rate the stock "buy" or higher and
seven "hold"; their median PT is $278.50 - LSEG data
    ** As of last close, stock had risen ~47% YTD

 (Reporting by Aatreyee Dasgupta)
 ((Aatreyee.Dasgupta@thomsonreuters.com))