Truist raised the firm’s price target on Heico to $248 from $240 and keeps a Buy rating on the shares as part of a broader research note previewing Q2 results in the Aerospace & Defense sector. The setup for commercial aero OEM will be challenged amid well-telegraphed supply chain and production issues, though the aero aftermarket group should see “another strong showing”, with upside to consensus expectations set to unfold, the analyst tells investors in a research note. For the company, the combination of a strong aero aftermarket and margin recovery in the Electronic Technologies Group segment should pace results, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HEI:
- Heico price target raised to $250 from $220 at BofA
- Heico increases semiannual cash dividend to 11c per share
- Heico price target raised to $245 from $185 at Benchmark
- Flutter initiated, SentinelOne upgraded: Wall Street’s top analyst calls
- Heico upgraded to Equal Weight from Underweight at Morgan Stanley