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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100