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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- Morning Movers: EchoStar skyrockets after $23B spectrum license deal with AT&T
- HEICO’s Strong Performance Met with Cautious Hold Rating Amid Growth Concerns
- HEICO’s Strong Financial Performance and Growth Drive Buy Rating
- HEICO’s Strong Financial Performance and Growth Prospects Justify Buy Rating
- Closing Bell Movers: Interactive Brokers up 4% on S&P500 inclusion