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
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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