Heico price target raised to $227 from $220 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Heico to $227 from $220 and keeps a Buy rating on the shares. The company’s Q1 results were mixed as Flight Support Group segment was well ahead of expectations but the Electronic Technologies Group segment margin was light, the analyst tells investors in a research note. The firm maintains its view that Heico remains one of the best positioned companies in the aerospace supply chain, and can accelerate both market share gains and pricing growth in the medium-term, while cash flow continues to compound at a fast rate long-term.