Morgan Stanley upgrades Heico's rating on strong aerospace demand

Heico

04/06/2024 15:38

** Jet engine and parts manufacturer HEICO Corp's shares
 HEI.N  rise 0.8% to $224.14
    ** Morgan Stanley upgrades HEI to "equal-weight" from
"underweight", lifts PT to $225 from $178
    ** Brokerage continues to see co benefit from the current
environment within Aerospace OEM as demand exceeds supply
    ** Also sees co's aftermarket products segment benefitting
from Wencor acquisition
    ** Raises co's operating estimates on strong performance YTD
    ** 14 brokerages rate the stock "buy" or higher, four "hold"
and one "sell"; their median PT is $235.00 - LSEG data
    ** Stock had risen 25% YTD

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