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Fly News Breaks for August 29, 2018
HEI
Aug 29, 2018 | 07:12 EDT
Canaccord analyst Ken Herbert raised his price target on Heico to $100 from $84 following better than expected Q3 results. The analyst said there is growing optimism that the recent IATA ruling on CFM engine competitive practices will create a new marketing opportunity for the company and he noted the organic growth, especially in the FSG segment, was encouraging. Herbert reiterated his Buy rating on Heico shares.
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