BUZZ-Oppenheimer initiates coverage of WEX with 'perform' rating

Reuters
16 May
BUZZ-Oppenheimer initiates coverage of WEX with 'perform' rating

** Oppenheimer initiates coverage of fintech firm WEX WEX.N with a "perform" rating

** Brokerage believes co's strong market position in fuel cards, corporate payments and benefits administration enables it to capture strong growth trends in its end markets

** Oppenheimer says WEX's diversified end-market exposure also provides some insulation to any potential sector-specific weakness

** Three of 15 brokerages rate the stock "buy" or higher, 12 "hold"; their median PT is $155.50 - data compiled by LSEG

** Including session's moves, stock down ~21.9% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10