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Fly News Breaks for November 15, 2018
WEX
Nov 15, 2018 | 07:14 EDT
JPMorgan analyst Tien-tsin Huang lowered his price target for Wex to $199 from $210 to reflect lower fuel prices and peer multiples. The analyst, however, is "incrementally positive on the fundamentals" following Wex's investor day. What stood out is the company's' "strong client and tech culture, which helps explain its recent deal win streak to support premium growth," Huang tells investors in a research note. The analyst, however, keeps a Neutral rating on the shares.
News For WEX From the Last 2 Days
