Wedbush Raises Price Target On HEICO

According to Wedbush, HEICO (NYSE: HEI) price target is raised to $51.

Wedbush said that HEICO posted a strong 2Q 11, raised its full year 2011 guidance, and was rewarded with a ~10% bump in the stock price on a day when the broader market was up under 1%. “While the quarter growth was strong, and the conservative nature of the company implies that there is additional upside, we continue to believe that organic growth will slow as the recovery matures.”

HEICO closed yesterday at $54.71.