Wex assumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Michael Infante assumed coverage of Wex (WEX) with an Equal Weight rating and a price target of $144, down from $168. The firm sees 2026 guidance risk from lower fuel prices, the analyst tells investors. However, guidance risk is likely known, adds the analyst, who sees limited negative catalysts in the first half and highlights BP coming into the model in 2026.