Heico price target raised to $280 from $250 at Stifel

Stifel raised the firm’s price target on Heico to $280 from $250 and keeps a Buy rating on the shares after the company reported fiscal Q3 earnings last night and hosted their earnings call this morning. EPS was a little over 5% ahead of expectations, but sales were essentially inline as ETG growth turned slightly negative and the FSG segment continued to outperform, the analyst tells investors. Heico is “on strong footing heading into FY25” and should continue to drive growth on the FSG side with tailwinds potentially reemerging in ETG, the analyst added.