B of A Securities Maintains Neutral Rating for Heico: Here's What You Need To Know

B of A Securities has decided to maintain its Neutral rating of Heico HEI and raise its price target from $190.00 to $220.00.

Shares of Heico are trading up 1.27% over the last 24 hours, at $166.51 per share.

A move to $220.00 would account for a 32.12% increase from the current share price.

About Heico

Heico is an aerospace and defense supplier that primarily focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement parts for aircraft, primarily within the engine. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. It has two segments the Flight Support Group ("FSG") and the Electronic Technologies Group ("ETG"). The company is highly acquisitive, focusing on companies that are generating strong cash flow with the potential for growth.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.