William L. Moore
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William L. Moore in Insider trading,

Heico's Recent Pullback May Offer Attractive Point Of Entry

Canaccord Genuity believes that the recent pull back in Heico Corp  shares presents an attractive entry point. Therefore, the analysts reiterated a Buy rating and target price of $82 on the company's shares.

After the company delivered its quarterly results on August 24, the stock lost more than 8 percent. In comparison, its peers advanced 1 percent on average.

On top of this, the brokerage pointed out a few downgrades after the company announced its third-quarter results, mainly on valuation and concerns on outlook for organic growth. However, the lead analyst likes Heico for the simple reason of "improving commercial aftermarket fundamentals."