Barclays Maintains Overweight on WEX, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal has maintained an Overweight rating on WEX (NYSE:WEX) but lowered the price target from $245 to $225.

October 30, 2023 | 2:01 pm
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Barclays has maintained an Overweight rating on WEX but lowered the price target from $245 to $225.
The news is directly related to WEX as Barclays, a major financial institution, has maintained an Overweight rating on the company but lowered the price target. This suggests that while Barclays still sees WEX as a good investment, it has slightly reduced its expectations for the stock's performance. This could potentially lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100