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Fly News Breaks for October 28, 2016
WEX
Oct 28, 2016 | 07:47 EDT
Oppenheimer analyst Glenn Greene raised his price target for WEX Inc.to $120 from $101 after the company posted upside Q3 and raised its FY16 outlook. The analyst remains optimistic regarding WEX Inc.'s "strong" long-term growth potential despite near-term fuel drags, which should soon lap. Conversely, he is somewhat concerned by the apparent core growth decline in Travel. Greene reiterates an Outperform rating on the shares.