Truist raised the firm’s price target on Heico (HEI) to $366 from $352 and keeps a Buy rating on the shares. The two items that “stand-out” to the firm from Heico’s fiscal Q3 results are that organic Flight Support Group growth and underlying demand is not slowing and FSG margins “continue to reach new highs,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- HEICO’s Strong Financial Performance and Growth Prospects Justify Buy Rating
- Heico price target raised to $360 from $352 at Stifel
- 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