Wells Fargo raised the firm’s price target on Heico (HEI) to $278 from $244 and keeps an Equal Weight rating on the shares. The firm says the company saw strong aftermarket demand in Q2 with indications of further strength to come in the second half of the year. Wells’ numbers move higher, but at its current valuation it remains on the sidelines.
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- Heico reported Q2 EPS $1.12, consensus $1.03 on Tuesday