Wex price target raised to $190 from $180 at Jefferies

Jefferies analyst Trevor Williams raised the firm’s price target on Wex (WEX) to $190 from $180 and keeps a Hold rating on the shares. The organic outlook is “unlikely to signal a change from worsening trends” in Q4, the analyst tells investors. However, with limited risk to FY25 estimates and “already poor sentiment,” the firm doesn’t expect the print to be a negative catalyst, the analyst added in a preview.