UPDATE: Stifel Reiterates Buy Rating, Lowers PT on HEICO Corporation Ahead of 4QF13 Earnings Report

In a report published Tuesday, Stifel analyst Stephen Levenson reiterated a Buy rating on HEICO Corporation HEI, but lowered the price target from $65.00 to $52.00. In the report, Stifel noted, “HEICO Corporation is scheduled to announce 4QF13 earnings Tuesday, December 17 after the market closes, with a conference call scheduled for Wednesday, December 18 at 9:00 a.m. EDT. HEI shares have outperformed our current expectations and our target price is under review pending results. We are also updating our forecast and target to reflect the 5-for-4 stock split, which had previously only appeared in our database.” HEICO Corporation closed on Monday at $58.00.