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