Rothschild & Co’s Redburn sees recent aerospace sector pullback as a buying opportunity for Heico shares.
Redburn initiated coverage on Heico (HEI) with a Buy rating and a $360 price target, citing recent weakness in aerospace stocks as a potential entry point for investors. The firm views the sector’s decline as temporary rather than structural.
Heico, a key player in aerospace and defense, has faced pressure alongside broader industry trends. The $360 target implies significant upside from current levels, though no prior consensus or comparable period data was provided.
The initiation comes as aerospace stocks navigate post-pandemic recovery and supply chain challenges, with Redburn’s call highlighting confidence in Heico’s positioning.