HEICO's 'Strong' Fiscal Q3 Highlights Strength in ETG Business Margins, RBC Says

MT Newswires Live08-27 23:32

HEICO's (HEI) "strong" fiscal Q3 results demonstrate strength in the Electronic Technologies Group margins and end market demand, RBC Capital Markets analysts said in a Wednesday note.

Analysts said the company is seeing strong demand across all its major end markets, with no meaningful impact from the Middle East conflict on the commercial aftermarket yet.

RBC said that HEICO's consistent pace with mergers and acquisitions, higher margin reset, improved defense outlook and strong position in aero markets continue to justify a positive view on the stock.

Analysts said that the margin expansion outlook for the company's Electronic Technologies Group and Flight Support Group continues to improve.

RBC has an outperform rating and a $390 price target on the stock.

Price: 336.11, Change: -10.04, Percent Change: -2.90

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