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

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.