Headlines
- WEX receives target price revision from Wells Fargo & Company.
- Multiple firms have updated their outlook on WEX.
- Analysts share neutral to positive views on the business.
WEX (NYSE:WEX) recently saw its price target raised by Wells Fargo & Company from $190 to $200, as reported on Monday. Wells Fargo continues to maintain a neutral stance on the business services provider.
Other firms have also provided updates on WEX. Jefferies Financial Group increased its target price from $190 to $210. Meanwhile, Keefe, Bruyette & Woods adjusted their target from $275 to $230, while remaining positive about the company’s future performance. William Blair expressed confidence by giving WEX an upgraded rating, highlighting its potential for continued success. Additionally, Bank of America revised their outlook, adjusting their target price from $238 to $255.
On the other hand, JPMorgan Chase & Co. revised its target price for WEX from $210 to $200, maintaining a neutral perspective.
WEX has garnered mixed opinions from analysts, with some firms offering neutral views while others remain optimistic about its trajectory.