UPDATE: Wedbush Upgrades Heico To Outperform

According to Wedbush, Heico HEI is upgraded to Outperform. Wedbush said that it is upgrading the share of HEICO from NEUTRAL to OUTPERFORM, and raising the price target from $51 to $55. “We believe HEICO represents a relatively lower risk opportunity, but with still strong fundamentals and outlook. We view the recent pullback—off 23% from the July 8 high as compared to a 17% drop in the S&P500—as representing a better entry point for the stock.” Heico closed yesterday at $44.34.