Wex (WEX) Tops Q3 EPS by 12c; Guides Q4, FY16
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Credit Suisse Downgrades WEX Inc. (WEX) to Neutral
October 31, 2016 7:07 AM EDTCredit Suisse downgraded WEX Inc. (NYSE: WEX) from Outperform to Neutral with a price target of $113.00 (from $108.00).
Analyst Paul Condra commented, ": We are downgrading to Neutral as we believe the current valuation is full at 21x PE. While we see no... More
Oppenheimer Raises Price Target on Wex, Inc. (WEX) Following 3Q Report
October 28, 2016 9:32 AM EDTOppenheimer reiterated an Outperform rating on WEX Inc. (NYSE: WEX), and raised the price target to $120.00 (from $101.00), following the company's 3Q earnings report. Revenue grew ~27% Y/Y to ~$288M. EPS fell 4% Y/Y to $1.25. WEX's increased FY16 guide anticipates revenue of $1.00-1.01B... More