Fly News Breaks for March 14, 2018
WEX, FLT
Mar 14, 2018 | 09:18 EDT
Morgan Stanley analyst Vasundhara Govil believes FleetCor (FLT) remains a "compelling growth story" within payments, as he thinks its organic growth of about 10% is sustainable and views the company as well positioned in 2018. Govil also noted that he prefers FleetCor over Wex (WEX), citing FleetCor's lower exposure to fuel prices, more diversified revenue streams and potential for more M&A driven upside. He raised his price target on FleetCor to $235 from $232 while also raising his price target on Wex to $166 from $159. Govil has an Overweight rating on FleetCor and an Equal Weight rating on Wex.
News For FLT;WEX From the Last 2 Days
WEX
Apr 16, 2024 | 07:20 EDT
Barclays raised the firm's price target on Wex to $280 from $255 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the financial technology group. The sector appears to be setting up well into the Q1 earnings season, as fiscal 2024 outlooks have been largely set at reasonable levels, the analyst tells investors in a research note. The firm says consumer spending trends have remained healthy in Q1, bouncing back following the impact of unseasonably cold weather in January.