Market Overview

UPDATE: Topeka Raises PT on Heico Following Stronger F3Q13 Report

Share:
Related HEI
Heico's Recent Pullback May Offer Attractive Point Of Entry
Benzinga's Top Downgrades

In a report published Thursday, Topeka Capital Markets analyst Michael Callahan reiterated a Buy rating on Heico Corp. (NYSE: HEI), and raised the price target from $60.00 to $70.00.

In the report, Topeka Capital Markets noted, “Heico reported a much better-than-expected F3Q13, with EPS of $0.54, and well ahead of Street expectations of $0.47. We believe the conference call added to investor confidence in the Company, as it appears clear Heico continues to outperform its peer group with strong organic growth. As such, we are taking our estimates higher and increasing our price target to $70 (from $60).”

Heico Corp. closed on Thursday at $60.43.

Latest Ratings for HEI

DateFirmActionFromTo
Aug 2016Bank of AmericaDowngradesBuyNeutral
Aug 2016KeyBancDowngradesOverweightSector Weight
Aug 2016Credit SuisseMaintainsNeutral

View More Analyst Ratings for HEI
View the Latest Analyst Ratings

Posted-In: Michael Callahan Topeka Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (HEI)

View Comments and Join the Discussion!