UPDATE: Westco Aircraft Upgraded at Bank of America, Up 3.8%
In a report released Tuesday, Bank of America analyst Ronald Epstein upgraded Wesco Aircraft Holdings (NYSE: WAIR) from a Neutral to a Buy rating. The price target has also boosted from $22 to $26.
Bank of America highlighted, "Wesco Aircraft Holdings is a beneficiary of our more constructive outlook on long-cycle programs as 36% of FY13 sales were related to military aircraft."
WAIR closed Monday $21.41 and is currently up 4.41% at $22.36.
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