Morgan Stanley downgraded Heico to Underweight from Equal Weight with a price target of $174, down from $184, citing relative valuation. The firm estimates lower EPS than consensus for Heico and notes that despite its Attractive outlook in Aerospace, it recognizes that the stocks in the group are not particularly cheap compared to the previous aerospace upcycle.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HEI:
- Heico reports Q4 EPS 74c, consensus 68c
- Options Volatility and Implied Earnings Moves Today, December 18, 2023
- Options Volatility and Implied Earnings Moves This Week, December 18 – December 21, 2023
- HEI Upcoming Earnings Report: What to Expect?
- Zillow upgraded, Airbnb downgraded: Wall Street’s top analyst calls
