HEICO: Robust Organic Growth, Margin Expansion, and Strong Cash Generation Support Buy Rating
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William Blair analyst Louie DiPalma reiterates a Buy rating on HEICO due to strong organic growth, margin expansion, and cash generation. HEICO's Flight Support Group shows double-digit growth, improving profitability. The company exceeds revenue and EPS expectations, with strong free cash flow and reduced leverage. Positioned well in the aerospace aftermarket sector, HEICO is expected to sustain growth. Bank of America Securities also maintains a Buy rating with a $400 price target.
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