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Fly News Breaks for January 30, 2018
FLT, WEX
Jan 30, 2018 | 08:29 EDT
Jefferies analyst Ramsey El-Assal added Wex (WEX) to his firm's Franchise Pick List while removing FleetCor (FLT). The analyst raised his price target for Wex to $202 and for FleetCor to $248. He keeps Buy ratings on both names. El-Assal continues to like both companies, but sees a "strong" 2018 earnings setup driving more near-term upside for Wex. Both Wex and FleetCor are set for eaarnings upside in 2018 due to tax reform, higher year-over-year fuel prices, new deal wins and incremental acquisition accretion, El-Assal tells investors in a research note.
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