UPDATE: Jefferies Upgrades Wesco Aircraft Holdings (WAIR) to Hold, PT to $9; 'New Mgmt. Could Put an Emphasis on Sales Growth'

Jefferies upgraded Wesco Aircraft Holdings (NYSE: WAIR) from Underperform to Hold with a price target of $9.00 (from $8.00), following a company update and reviews post the company's May 9th earnings report.

Analyst Sheila Kahyaoglu suggests new management could highlight new intiatives that focus on sales growth and improve profitability, resulting in an upgrading of shares, as the company's investment thesis continues to unfold.

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 $8.25 yesterday.

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