B of A Securities Maintains Neutral Rating for Heico: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
B of A Securities maintains a Neutral rating for Heico (NYSE:HEI) and raises its price target from $190.00 to $220.00. Heico is an aerospace and defense supplier focusing on niche replacement parts for commercial aircraft and components for defense products.
June 13, 2023 | 5:00 pm
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NEUTRAL IMPACT
B of A Securities maintains Neutral rating for Heico and raises price target from $190.00 to $220.00, a potential 32.12% increase from the current share price.
B of A Securities' decision to maintain a Neutral rating for Heico indicates that they do not expect significant short-term price movement. However, the raised price target from $190.00 to $220.00 suggests a potential 32.12% increase from the current share price, which could be a positive signal for investors. The Neutral rating and raised price target are based on the company's performance in the aerospace and defense sectors, as well as its focus on niche replacement parts and components.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100