Stifel analyst Jonathan Siegmann raised the firm’s price target on Heico (HEI) to $360 from $352 and keeps a Buy rating on the shares. The firm notes the company reported better than expected top and bottom-line results for its Q3 quarter. Heico’s sustained double-digit growth and positive call commentary was a bright spot relative to building concerns about moderating aerospace trends, Stifel says. The firm has adjusted its estimates up to reflect the strength of the company’s Q3 results.
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