WEX Inc. (WEX) PT Raised to $240 at Jefferies
Get Alerts WEX Hot Sheet
Rating Summary:
9 Buy, 17 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 11 | New: 11
Join SI Premium – FREE
Jefferies analyst Trevor Williams raised the price target on WEX Inc. (NYSE: WEX) to $240.00 (from $235.00) while maintaining a Hold rating.
The analyst commented: "Higher fuel should flow through to above-Street guide for 2Q and lift to FY outlook; organic question marks likely prevent further re-rating. Flowing through higher fuel ($3.79 for 2Q / $3.68 for FY) puts our 2Q revenue ~2.5% above Street and FY 1.5% above. We believe the stock's recent outperf. fully discounts the impending raise, with a further re-rating unlikely as we still see an uphill path to 6% Y/Y organic/ex-fuel Mobility growth (gallon volume growth must reach ~9% by 4Q vs. ~flat in 1Q) and limited upside in Corp. Pay (travel slowing) and Health (muted account growth).'
You May Also Be Interested In
- The Bank of New York Mellon Corporation (BNY) PT Raised at KBW; 'The Story Keeps getting better'
- BlackRock (BLK) PT Raised to $1,300 at Keefe, Bruyette & Woods
- ASML Inc. (ASML) PT Raised to $2,100 at RBC Capital
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share