RBC Capital reiterated a Sector Perform rating on Wesco Aircraft Holdings (NYSE: WAIR), and cut the price target to $12.00 (from $15.00), following the company's 4Q earnings report. WAIR reported adjusted EPS of $0.27 vs. consensus of $0.23. Revenues remain under pressure, and gross margins suggests pricing could still be difficult for aero distributors. But WAIR is taking impressive action to reduce cost, so if end markets improve it should be well positioned.

Analyst Steven Cahall commented, "WAIR reported a tough FQ4 including lower margins and nonoperating charges. The company is taking proactive measures on cost but we think external pressures remain, supporting our target cut to $12 and Sector Perform rating."

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Shares of Wesco Aircraft Holdings closed at $11.46 yesterday.