UPDATE: Morgan Stanley Raises Wesco Aircraft Holdings' PT

According to a research report published earlier today, Morgan Stanley has increased Wesco Aircraft Holdings' WAIR PT from $16 to $18. In the report, Morgan Stanley said, “We just attended an aerospace conference where conversations with executives affirmed our thesis for a long-lived aero up-cycle and confirmed our prior concerns about potential supplier shortages, which are beginning to emerge. Raising PT to $18.” Morgan Stanley maintains its Overweight rating on Wesco Aircraft Holdings, which closed yesterday at $15.87.