B of A Securities Upgrades Heico to Buy, Announces $220 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Ronald Epstein has upgraded Heico (NYSE:HEI) from Neutral to Buy and set a new price target of $220. This upgrade suggests a positive outlook on Heico's future performance.
January 25, 2024 | 11:40 am
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Heico has been upgraded by B of A Securities from Neutral to Buy with a new price target of $220, indicating a bullish stance on the company's stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive change in the analyst's view of the company's future earnings potential and growth. The new price target of $220 is a specific bullish signal that may influence investor sentiment and drive the stock price up in the short term.
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