Heico price target raised to $294 from $282 at Truist

Truist analyst Michael Ciarmoli raised the firm’s price target on Heico (HEI) to $294 from $282 and keeps a Buy rating on the shares. The company’s Q1 results topped expectations, with organic revenue growth in the Flight Support Group segment accelerating y/y and sequentially while its operating margins hit an all-time high of 23.3%, the analyst tells investors in a research note. DOGE has the potential to create additional opportunities as the Defense Department looks to find savings, Truist adds, also noting that the commercial aerospace aftermarket will benefit from an aging fleet in the coming years.