Heico price target raised to $208 from $186 at Baird

Baird raised the firm’s price target on Heico to $208 from $186 and keeps an Outperform rating on the shares. The firm said they delivered a modest top-line beat despite acquisition-related costs, with sequential improvements continuing at FSG and supported by record global air travel, while ETG margins were impacted by the Exxelia deal.