Truist raised the firm’s price target on Heico (HEI) to $323 from $277 and keeps a Buy rating on the shares. The company reported a “strong” Q2 print characterized by record core Flight Support Group – FSG – segment margins and accelerating FSG organic revenue growth, the analyst tells investors in a research note. The Golden Dome has the potential to accelerate the company’s defense revenue growth across both segments depending on potential funding decisions, the firm added.
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