Heico price target raised to $225 from $210 at RBC Capital

RBC Capital analyst Ken Herbert raised the firm’s price target on Heico to $225 from $210 and keeps an Outperform rating on the shares ahead of its Q1 results today, noting that it is confident in its margin upside. The stock is up 11.5% year-to-date, though the firm expects the results to sustain its recent momentum, noting that it continues to see strength in the erospace aftermarket fundamentals, the analyst tells investors in a research note.