Heico price target raised to $382 from $337 at Goldman Sachs

Goldman Sachs analyst Noah Poponak raised the firm’s price target on Heico (HEI) to $382 from $337 and keeps a Buy rating on the shares. The company reported strong Q3 results, with revenue, margins, EPS, and free cash all above consensus, the analyst tells investors in a research note. With unique product offerings to both commercial and government customers, strong margin performance, and as HEI continues to operate its M&A compounder platform, the firm expects the company to grow market share and continue its strong operating cadence, Goldman Sachs added.