Heico shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $184 to $174.
Portfolio Pulse from Benzinga Newsdesk
Heico's stock is trading lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a reduced price target from $184 to $174.
December 20, 2023 | 2:53 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Heico Corporation's stock price is expected to face downward pressure in the short term due to Morgan Stanley's downgrade and lower price target.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a decrease in stock price. The reduction in price target further emphasizes a bearish outlook, which can lead to short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100