Truist lowered the firm’s price target on Wex to $185 from $205 and keeps a Hold rating on the shares. The company is proving out its value proposition as its Healthcare cloud now hosts HSA solutions for 9 out of 20 top providers, though the firm is also anticipating a 2024 float income deceleration given the likely stable or declining rates, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WEX: