Market Overview

UPDATE: Topeka Capital Markets Initiates Coverage on Heico Corporation with Buy Rating, $45 PT

Share:
Related HEI
10 Key Issues Defense Stock Investors Need To Follow Over The Next 12 Months
Earnings Scheduled For December 15, 2015

In a report published Friday, Topeka Capital Markets initiated coverage on Heico Corporation (NYSE: HEI) with a Buy rating and $45.00 price target.

Topeka Capital noted, “We believe Heico is one of the only true organic growth opportunities in the Aerospace & Defense industry, as its reverse engineered parts offer cost sensitive airline operators an alternative to high cost OEM manufactured aftermarket parts. Heico is the only company successfully operating an aftermarket-only model on a broad scale. Although we expect industry headwinds to pressure growth rates in the next 12-months, we believe Heico will be able to outpace industry peers growing at least 15% annually.”

Heico Corporation closed on Thursday at $38.52.

Latest Ratings for HEI

DateFirmActionFromTo
Aug 2015Canaccord GenuityMaintainsBuy
Aug 2015JefferiesMaintainsHold
Jul 2015CL KingInitiates Coverage onBuy

View More Analyst Ratings for HEI
View the Latest Analyst Ratings

Posted-In: Topeka Capital MarketsAnalyst Color Initiation Analyst Ratings

 

Related Articles (HEI)

Get Benzinga's Newsletters