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Fly News Breaks for February 29, 2016
HEI
Feb 29, 2016 | 07:33 EDT
Canaccord noted Q1 results at HEICO were weaker than anticipated but said the stock rallied on the company's commentary on its organic growth outlook, the M&A opportunity, and the specific trends in the aerospace sector. The firm believes the improving industry fundamentals should support the company's stronger second half guidance. Canaccord reiterated its Buy rating and raised its price target to $68 from $65 on HEICO shares.
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