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Fly News Breaks for May 31, 2019
HEI
May 31, 2019 | 07:13 EDT
SunTrust analyst Michael Ciarmoli raised his price target on Heico to $128 and kept his Buy rating after its top and bottom line earnings beat highlighted by accelerating organic growth and raised guidance. The analyst cites the management's view of the current business conditions as "the best" in the company's 29-year history and expects Heico to exceed consensus estimates through its market share gains, strong executions, and ample capacity for M&A.
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