Heico price target raised to $190 from $162 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on Heico to $190 from $162 and keeps a Neutral rating on the shares. The firm, which notes that Heico has benefited from the recovery in air traffic, older planes flying longer and company-specific investments during the downturn, is updating its model to add Exxelia acquisition operating contribution and financing expenses as well as stronger than expected results.