Heico price target raised to $170 from $160 at Benchmark

Benchmark analyst Josh Sullivan raised the firm’s price target on Heico to $170 from $160 and keeps a Buy rating on the shares after the company reported "record" sales and operating income in Q4 and also noted that its value-oriented PMA aerospace parts portfolio is at record levels. Heico selling more PMA’s than ever suggests market share gains and also suggests that airlines are more accepting of PMA parts, Sullivan tells investors.