Baird analyst David Koning raised the firm’s price target on Wex (WEX) to $198 from $186 and keeps an Outperform rating on the shares. The firm updated its model following Q2 results.
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Read More on WEX:
- WEX: Balanced Risk/Reward Profile with Hold Rating Amid Structural Challenges and Modest Growth
- Closing Bell Movers: Alphabet rises, Tesla slips after Q2 reports
- Wex reports Q2 adjusted EPS $3.95, consensus $3.71
- Wex sees Q3 adjusted EPS $4.30-$4.50, consensus $4.14
- Wex raises FY25 EPS view to $15.37-$15.77 from $14.72-$15.32