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RBC Capital analyst Ken Herbert raised the firm’s price target on Heico (HEI) to $315 from $285 and keeps an Outperform rating on the shares. The company reported a “strong” Q2 with 11% organic growth rate while its Flight Support Group – FSG – segment showed particularly strong results in the quarter with organic growth of 14%, the analyst tells investors in a research note. The commentary on the FSG outlook was also notably bullish, and the risks associated with slower airline growth are not materializing, RBC added.

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• Heico reported Q2 EPS $1.12, consensus $1.03 on Tuesday

• Heico ‘confident’ in achieving net sales growth for FSG, ETG segments

• Heico price target raised to $306 from $264 at UBS

• HEICO Corporation Reports Strong Q2 Earnings Growth

• HEI Earnings: Heico Announces Record Results and Reaffirms Guidance