Morgan Stanley raised the firm’s price target on Wex (WEX) to $170 from $142 and keeps an Equal Weight rating on the shares. Wex “delivered against a lowered bar” in Q2, and the firm believes estimate outperformance can continue in the near term, but is still skeptical of the company’s strategic actions, the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEX:
- Balanced Outlook for WEX Amid Strong Performance and Strategic Uncertainties
- WEX Inc. Reports Mixed Q2 2025 Financial Results
- WEX Inc. Earnings Call Highlights Resilience Amid Challenges
- Wex price target raised to $198 from $186 at Baird
- WEX: Balanced Risk/Reward Profile with Hold Rating Amid Structural Challenges and Modest Growth