BofA/Merrill Lynch Downgrades Wesco Aircraft Holdings (WAIR) Two-Notches to Underperform

BofA/Merrill Lynch downgraded Wesco Aircraft Holdings (NYSE: WAIR) from Buy to Underperform with a price target of $15.00 (from $26.00).

Analyst Ronald Epstein cited significant headwinds facing the company. The near-term headwind comes from promotional pricing in order to increase sales. Long-term there is pressure as the company succeeds in trading off volatile, but very profitable ad hoc sales to more predictable, but less profitable long-term agreements (LTA) and just in time (JIT) contracts.

The firm lowered FY 2015 EPS from $1.55 to $1.20.

For an analyst ratings summary and ratings history on Wesco Aircraft Holdings click here. For more ratings news on Wesco Aircraft Holdings click here.

Shares of Wesco Aircraft Holdings closed at $13.98 yesterday.

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