Fly News Breaks for January 17, 2019
FLT, WEX
Jan 17, 2019 | 16:19 EDT
BTIG analyst Mark Palmer started Wex Inc. (WEX) with a Buy rating and $198 price target. The company is well positioned to not only meet its medium-term revenue and earnings targets, but also to achieve management's goal of doubling in size within the next five years, Palmer tells investors in a research note. Wex offers sustainable growth in business-to-business payments at an inexpensive, adds the analyst. He sees both FleetCor Technologies (FLT) and Wex as well positioned to benefit from the "ongoing cash-to-card displacement trend."
News For WEX;FLT 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.