Wex price target raised to $220 from $185 at Truist

Truist raised the firm’s price target on Wex to $220 from $185 but keeps a Hold rating on the shares after its Q4 earnings beat. The company’s recent financial performance and consistency have been superior, whittling away at the firm’s arguments to remain sidelined, the analyst tells investors in a research note. Truist adds that the firm is impressed by the durability of Travel organic revenue growth and believes Wex will continue taking Benefits share.