RBC Capital raised the firm’s price target on Heico (HEI) to $285 from $255 and keeps an Outperform rating on the shares. The company posted strong Q1 results with strong organic growth of 13% in Flight Support Group segment and 11% in Electronic Technologies Group segment, and after recent stock weakness, Q1 results re-affirmed RBC’s confidence in the HEI business model and the commercial after-market, the analyst tells investors in a research note.
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