Heico price target raised to $285 from $250 at BofA

BofA analyst Ronald Epstein raised the firm’s price target on Heico to $285 from $250 and keeps a Buy rating on the shares after the company reported a quarter that the firm describes as “in line with expectations with pockets of strength and weakness in the areas expected.” Flight Services Group printed robust growth, while the Electronic Technologies Group’s 3% year-over-year organic decline was “lackluster,” the analyst tells investors. The ETG declines due to expected softness at other electronic and medical product sales were offset by continued strength in the defense, space, and aerospace business, says BofA, which sees continued strength in the Defense business through FY25 and into FY26 given the strong backlog and order momentum.