BE Aerospace (BEAV) finished higher today after Sterne Agee came to its defense, saying the...

|By:, SA News Editor

BE Aerospace (BEAV) finished higher today after Sterne Agee came to its defense, saying the early morning weakness was just due to Wesco Aircraft's (WAIR -12.1%) poor FQ3 guidance. The firm believes WAIR's guidance is related to company-specific issues tied to OEM inventory at Defense and Business Jet companies, and that BEAV sells its fasteners into the global aftermarket channel and is buffered from such issues.