智通财经APP获悉，摩根士丹利分析师Kristine Liwag发表研报，将海科航空(HEI.US)目标价从305美元上调至330美元，同时维持“持股观望”评级。此次调升反映了航空航天类股的强劲表现——该板块当前估值倍数已创历史新高。摩根士丹利认为，估值倍数的扩张彰显了行业韧性，并预计积极的发展态势将持续。
分析师指出，2025财年第二季度海科航空创下合并营业利润与净销售额双项历史纪录，同比分别增长19%和15%。经营活动产生的现金流大幅增长45%，达2.047亿美元。分业务部门看：飞行支持事业部净销售额增长19%至7.671亿美元;电子科技事业部净销售额增长7%至3.422亿美元。
但需注意的风险包括：美国及海外客户可能削减国防、航天或国土安全领域支出，这将对公司销售造成影响。此外，既有竞争者与市场新进入者加剧的竞争态势，可能导致市场份额缩减。产品研发或制造环节的难题也可能推高成本并延迟销售交付。
据了解，海科航空主要从事航空航天、国防及电子相关产品与服务的研发、制造及销售，业务遍及美国及全球市场。
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