Information Provided By:
Fly News Breaks for February 22, 2018
WEX
Feb 22, 2018 | 09:04 EDT
SunTrust analyst Oscar Turner raised his price target on Wex to $175 and kept his Buy rating following a strong Q4 earnings report. Turner says the company remains in position to "beat and raise" thanks to its market share gains in Fleet and volume growth in Travel driving revenue upside. The analyst expects investors' focus to shift to Wex's margin expansion opportunity, supported by improved fraud loss outlook.