Heico price target raised to $265 from $245 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Heico (HEI) to $265 from $245 and keeps an Equal Weight rating on the shares. The commercial aftermarket is a beneficiary of a prolonged Boeing (BA) strike and a sustained shift to the right in new aircraft deliveries, says the analyst, who sees the current environment benefitting names like Heico, FTAI Aviation (FTAI), TransDigm (TDG), and Loar Holdings (LOAR). The firm marked to market valuation multiples for several in the group named.