Baird lowered the firm’s price target on Wex (WEX) to $230 from $285 and keeps an Outperform rating on the shares. The firm said Q3 trends were difficult across all three segments, with Corporate and Benefits growth well below typical targets, and Mobility trends called out as the reason for the reduced guidance.
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>>
Read More on WEX: