UPDATE: Jefferies Initiates Wesco Aircraft Holdings with Hold on Expected Lower Revenue Growth

In a report published Friday, Jefferies analyst Howard A. Rubel initiated coverage on Wesco Aircraft Holdings WAIR with a Hold rating and $15.00 price target. In the report, Rubel noted, “Wesco is the world's second largest independent aerospace parts distributor. We initiate coverage of WAIR with a HOLD rating. Our rating reflects our differentiated view that revenue growth will be lower this cycle and margins may have limited runway in the medium term. This report expands on our investment thesis and also provides insights into the aerospace distribution supply chain.” Wesco Aircraft Holdings closed on Thursday at $14.52.