BUZZ-Benchmark lifts HEICO Corp PT on growing market for PMA parts

Reuters
2024-12-17
BUZZ-Benchmark lifts HEICO Corp PT on growing market for PMA parts

** Benchmark lifts price target on aircraft generic parts maker HEICO Corp HEI.N to $285 from $245

** New PT represents a 8.5% upside to the stock's last close

** Brokerage says continued adoption of parts manufacturer approval (PMA) components, or generic components, by Asian markets and international airlines a tailwind for HEI

** Also notes growth upside from HEI's pricing power from market share gains post COVID, incoming Trump administration's likely support for PMA approvals and Wencor synergies

** Thirteen brokerages rate the stock "buy" or higher and seven "hold"; their median PT is $278.50 - LSEG data

** As of last close, stock had risen ~47% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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