JP Morgan Maintains Neutral on WEX, Lowers Price Target to $200
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains a Neutral rating on WEX and lowers the price target from $210 to $200.
August 20, 2024 | 3:25 pm
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JP Morgan has maintained a Neutral rating on WEX but has lowered the price target from $210 to $200, indicating a slightly less optimistic outlook.
The lowering of the price target by JP Morgan suggests a less optimistic view on WEX's future performance, which could lead to a short-term negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
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IMPORTANCE 80
RELEVANCE 100