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Fly News Breaks for September 11, 2017
WEX
Sep 11, 2017 | 05:27 EDT
Goldman Sachs analyst James Schneider upgraded Wex to Buy and raised his price target for the shares to $126 from $114. The analyst sees the company delivering stronger results over the next year due to improving execution with new client wins as well as cyclical improvement in same-store metrics and fuel prices. Wex is also better positioned to win new European fleet client portfolios in the coming quarters, Schneider tells investors in a research note. He believes the company's fundamentals are at an inflection point.
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