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Fly News Breaks for July 11, 2019
Jul 11, 2019 | 06:31 EDT
As previously reported, BofA Merrill Lynch analyst Ronald Epstein downgraded Heico to Underperform from Neutral, stating that the stock is trading at an "unprecedented" valuation. Meanwhile, he thinks there may be more risk to the commercial aerospace cycle, and consequently Heico's business, than in previous years given the below average air traffic growth year-to-date. Epstein maintains a $105 price target on Heico.
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