BUZZ-Benchmark lifts HEICO's PT on strong aftermarket demand and Wencor buyout

Reuters06-14

** Brokerage Benchmark lifts PT on aircraft parts manufacturer HEICO Corp to $245 from $185, about 8% upside to its last close

** Cites continued strength in aerospace aftermarket demand and acceleration in product synergies from acquisition of Wencor, another aircraft parts maker

** HEI's Electronic Technologies Group recovered faster than expected on growth of gross profit margins and sales, particularly in defense products - brokerage

** Fourteen brokerages rate stock "buy" or higher, four "hold" and one "sell"; their median PT is $237.50 - LSEG data

** Stock up 26.7%, YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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