Truist expects HEICO to outgrow overall market into FY25; raises PT

Heico

28/08/2024 14:49

** Truist Securities raises PT on aircraft component
replacement manufacturer HEICO  HEI.N  to $264 from $248
    ** Brokerage expects the current demand backdrop, coupled
with share gains, should enable HEI to keep outgrowing the
overall market into FY25
    ** 14 of 20 brokerages rate the stock "buy" or higher, 5
"hold" and 1 "sell" or lower; median PT is $250 - LSEG data
    ** Shares up ~38.3% YTD

 (Reporting by Utkarsh Shetti in Bengaluru)
 ((UtkarshUmesh.Shetti@thomsonreuters.com;))