Truist Securities Affirms ‘Buy’ Rating on Heico (HEI), Raises Price Target

Truist Securities has reiterated its confidence in the long-term prospects of HEICO Corporation (NYSE:HEI). On May 29, the research firm reiterated a Buy rating on the stock and raised its price target to $323 from $277. The adjustment follows the company delivering impressive second quarter fiscal 2025 results affirming underlying growth.

Truist Securities Affirms ‘Buy’ Rating on HEICO, Raises Price Target

The leading aerospace and electronics company delivered earnings per share of $1.12 compared to $1.03 expected. Revenue also exceeded expectations at $1.1 billion against $1.06 billion expected. The better-than-expected results were driven by growth in the Flight Support Group and Electronics Technology Group. Additionally, HEICO benefited from its strategic acquisition of Rosen Aviation LLC.

The FSG unit delivered record margins and significant organic revenue growth. Truist Securities analysts say the FSG Division is a key driver that should continue to fuel underlying growth. In addition, the research firm expects the company to post significant growth and margin improvement in the Electronics Technologies Group in the second half of the year.  The analyst also expects the Golden Dome unit to boost Heico’s defense revenue. Truist Securities raised its price target to $323 to underscore confidence about the company’s trajectory and prospects of increased profitability in the latter half of the year.

HEICO Corporation designs, manufactures, and sells products and services for the aerospace, defense, and electronics industries.

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