Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessMorgan Stanley Upgrades HEICO Corporation with New Price Target

Morgan Stanley Upgrades HEICO Corporation with New Price Target

Add to Favorite
Added to Favorite


Morgan Stanley analyst Kristine Liwag upgrades HEICO to Equal Weight from Underweight and sets a new price target of $225.
HEICO Corporation reports a significant 38.9% increase in net sales year over year, showcasing strong financial health and operational efficiency.
The company’s market capitalization stands at approximately $26.92 billion, with a trading volume of 587,266 shares on the NYSE, indicating solid market performance.

Morgan Stanley analyst Kristine Liwag recently updated her outlook on HEICO Corporation (NYSE:HEI), setting a new price target of $225. This represents a modest increase of about 1.13% from its current trading price of $222.48. The adjustment in the price target is accompanied by an upgrade in the stock’s rating to Equal Weight from Underweight. This change reflects a more optimistic view of HEICO’s future performance and market position.
HEICO Corporation, a prominent player in the aerospace and electronics sectors, has demonstrated remarkable financial performance, particularly in its fiscal second quarter. The company reported a significant 38.9% increase in net sales year over year, surpassing the Zacks Consensus Estimate by 1.3%. This impressive growth not only underscores HEICO’s strong financial health but also its operational efficiency, contributing to the positive outlook from Morgan Stanley.
The stock’s current price of $222.48, with a slight increase of 0.32% from its last closing, indicates a stable market performance. HEICO’s shares have experienced fluctuations, trading between a low of $220.86 and a high of $224 on the day. Over the year, the stock has seen a low of $155.42 and a high of $225.61, showcasing its volatility and the investor interest it garners in the market.
With a market capitalization of approximately $26.92 billion and a trading volume of 587,266 shares on the NYSE, HEICO stands as a significant entity in its industry. The company’s strong sales growth and solid market performance are key factors that likely influenced Morgan Stanley’s upgraded rating and increased price target. This financial outlook, as highlighted by TheFly, suggests a positive trajectory for HEICO, reflecting confidence in its continued growth and market success.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Revitty Incorporated’s Q3 Earnings Overview

Earnings per Share (EPS) of $0.935 missed the expected...

Exact Sciences Corporation (NASDAQ:EXAS) Shows Promising Growth in Cancer Diagnostics

Analysts' confidence in Exact Sciences is growing, with a...

Century Casinos, Inc. (NASDAQ:CNTY) Q3 Earnings Overview

Earnings per Share (EPS) fell short of estimates, reporting...