Morgan Stanley lowered the firm’s price target on Wex (WEX) to $170 from $211 on Friday and kept an Equal Weight rating on the shares. Even with the 15% move, the firm thinks shares will continue to be pressed until Wex is able to demonstrate that recent execution challenges are in the rear-view and 2025 estimates aren’t at further risk.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WEX:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue