Wells Fargo initiated coverage of Heico (HEI) with an Equal Weight rating and $244 price target While Heico is one of the more innovative companies in aerospace but the stock’s valuation looks expensive versus peers, the analyst tells investors in a research note. Further, Wells believes the company’s capital allocation could be more constrained as its continues to pay down Wencor debt.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- HEICO’s Strategic Growth and Market Positioning Justify Buy Rating
- HEICO’s Strong Organic Growth and Strategic Acquisitions Drive Buy Rating
- Heico price target raised to $294 from $282 at Truist
- HEICO’s Strong Financial Performance and Strategic Positioning Lead to Buy Rating
- HEICO’s Strong Financial Performance and Growth Prospects Drive Buy Rating