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Fly News Breaks for May 22, 2017
HEI
May 22, 2017 | 08:00 EDT
Canaccord analyst Ken Herbert previewed Heico's Q2 results. He sees upside to guidance and FSG growth but believes the stock's recent outperformance may limit its near-term upside. Herbert thinks Heico will continue to benefit under any unwinding of the Trump trade due to its high quality, strong cash flows, and exposure to short-cycle defense. Herbert reiterated his Outperform rating and $80 price target on Heico shares.
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