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Heroux-Devtek Inc designs develops, manufactures, and repairs landing gear and actuation systems and components for the aerospace market. It also provides hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. Geographically, the company generates a majority of its revenue from the United States and the rest from the United Kingdom, Canada, Spain, and other regions.

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TSX:HRX

Heroux Devtek Inc (TSX: HRX) (OTC: HERXF)

Desjardins Hikes Heroux Devtek&#39;s Price Target By 8%

Earnings

Heroux-Devtek Q4 Profit Surges 12%

Heroux-Devtek Inc

National Bank Financial Inc analyst Cameron Doerksen maintains Heroux-Devtek (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERXF#OTC">HERXF</a>) with a Outperform and raises the price target from $23 to $26.

National Bank Financial Inc Maintains Outperform on Heroux-Devtek, Raises Price Target to $26

Heroux Devtek Inc&nbsp;(TSX: HRX) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/herxf#OTC">HERXF</a>)<a class="editor-rtfLink" href="https://www.benzinga.com/quote/HERXF" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;price target has been raised&nbsp;</a>to C$27 from C$25 by&nbsp;Desjardins&nbsp;analyst Benoit Poirier.
The analyst reiterated the Top Pick rating on the shares.
The analyst mentioned that Heroux Devtek reported another solid quarter despite challenging operating conditions.
Poirier adds that while these issues are expected to persist in the mid-term, management&rsquo;s strong operational track record gives confidence in its ability to navigate through this challenging environment while unlocking value for shareholders.
The analyst believes Heroux Devtek presents a compelling value thesis, with an attractive valuation and a healthy balance sheet, to opportunistically unlock inorganic growth opportunities, with encouraging signs that the air travel recovery is on its way.
Price Action:&nbsp;HRX shares are trading higher by 5.32% at C$15.04 on TSX on the last check Monday.
Photo Via Company

Desjardins Hikes Heroux Devtek's Price Target By 8%

ScotiaBank upgrades Heroux-Devtek (OTC:<a class="ticker" href="/stock/HERXF#OTC">HERXF</a>) from Sector Perform to Sector Outperform and raises the price target from $13 to $16.5.

Upgrades

ScotiaBank Upgrades Heroux-Devtek to Sector Outperform, Raises Price Target to $16.5

Heroux-Devtek Inc (OTC: <a class="ticker" href="/stock/herxf#OTC">HERXF</a>) posted a 12% gain in its fourth-quarter profit.

Heroux-Devtek's quarterly net income climbed to C$9 million, or 29 Canadian cents per share, versus C$8 million, or 26 Canadian cents per share, in the year-ago period.

Its sales gained 3% to C$109.0 million.

Heroux-Devtek

National Bank Financial Inc

National Bank Financial Inc analyst Cameron Doerksen maintains Heroux-Devtek (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERXF#OTC">HERXF</a>) with a Outperform and raises the price target from $23 to $26.

Heroux Devtek Inc&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/HRX#TSX">HRX</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HERXF#OTC">HERXF</a>)<a class="editor-rtfLink" href="https://www.benzinga.com/quote/HERXF" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">&nbsp;price target has been raised&nbsp;</a>to C$27 from C$25 by&nbsp;Desjardins&nbsp;analyst Benoit Poirier.

The analyst reiterated the Top Pick rating on the shares.

The analyst mentioned that Heroux Devtek reported another solid quarter despite challenging operating conditions.

Poirier adds that while these issues are expected to persist in the mid-term, management&rsquo;s strong operational track record gives confidence in its ability to navigate through this challenging environment while unlocking value for shareholders.

The analyst believes Heroux Devtek presents a compelling value thesis, with an attractive valuation and a healthy balance sheet, to opportunistically unlock inorganic growth opportunities, with encouraging signs that the air travel recovery is on its way.

Price Action:&nbsp;HRX shares are trading higher by 5.32% at C$15.04 on TSX on the last check Monday.

Photo Via Company

ScotiaBank upgrades Heroux-Devtek (OTC:<a class="ticker" href="/stock/HERXF#OTC">HERXF</a>) from Sector Perform to Sector Outperform and raises the price target from $13 to $16.5.

Heroux-Devtek Inc (OTC: <a class="ticker" href="/stock/herxf#OTC">HERXF</a>) posted a 12% gain in its fourth-quarter profit.

Heroux-Devtek's quarterly net income climbed to C$9 million, or 29 Canadian cents per share, versus C$8 million, or 26 Canadian cents per share, in the year-ago period.

Its sales gained 3% to C$109.0 million.

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