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Heico price target raised to $355 from $320 at BofA

BofA raised the firm’s price target on Heico (HEI) to $355 from $320 and keeps a Buy rating on the shares. BofA expects Heico to continue to see strong organic growth as the in-service fleet remains structurally older and Heico offers a reprieve from price increases at OEMs, the analyst tells investors in a research note.

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