Heico Corp

HEI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$117.00	Rbdxjnt	Ggbbfnvd

Heico's Flight Support Group Looks Set to Benefit From a Nascent Widebody Recovery

Burkett Huey

Apr 25, 2022

Narrow-moat-rated Heico reported solid revenue growth in its aerospace businesses and a slight omicron-variant-related slowdown in defense sales during the fiscal first quarter. We are increasing our fair value estimate to $96 per share from $93 due to increased near-term revenue growth assumptions and the time value of money. We see shares as overvalued at current prices.

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