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Fly News Breaks for March 2, 2017
HEI
Mar 2, 2017 | 07:45 EDT
Canaccord analyst Ken Herbert raised his price target on HEICO to $96 from $85 following better than expected Q1 results. The analyst cited its organic growth rate and the potential for upside in new part introductions and in the repair and overhaul business. Herbert reiterated his Buy rating on HEICO shares, also citing management's execution capabilities, a favorable end-market mix, and consistently strong free cash flow.
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