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Fly News Breaks for May 30, 2019
HEI
May 30, 2019 | 09:01 EDT
Credit Suisse analyst Robert Spingarn raised his price target for Heico to $133 from $127, saying the company's "dependable execution and strong company culture" delivered another quarter of outperformance. While the analyst expects performance to moderate over the remainder of the year, he continues to favor Heico for its ability to grow revenues even if production rates flatten out, with a combination of new product introductions and greater customer penetration. Spingarn reiterates an Outperform rating on the shares.
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