UPDATE: Canaccord Genuity Initiates Coverage on B/E Aerospace as 2014 Acceleration is Expected Across All Segments

In a report published Thursday, Canaccord Genuity analyst Ken Herbert initiated coverage on B/E Aerospace (NASDAQ: BEAV) with a Buy rating and $88.00 price target.

In the report, Canaccord Genuity noted, “We are initiating coverage of B/E Aerospace (BEAV) with a BUY rating and an $88 price target. BEAV should see an acceleration of growth into 2014 due to tailwinds in each of its businesses. Specifically, the growing SFE business and aftermarket recovery, coupled with steadily improving margins, should all be catalysts.”

B/E Aerospace closed on Wednesday at $72.81.