Morgan Stanley Thinks the Potential Upside of Wesco Aircraft Group's Deal with Haas Group is Underappreciated

In a report published Thursday, Morgan Stanley analyst John D. Godyn reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Though we will revisit our valuation and model in our upcoming quarterly review, simplistically adjusting our $24 YE14 base case for the 10% accretion mgmt is guiding to in FY2015 implies a $26 YE14 valuation, meaningful upside from current levels. Therefore, we'd recommend adding to positions at current levels.” Wesco Aircraft Holdings closed on Wednesday at $21.74.