Wex price target raised to $220 from $200 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on Wex (WEX) to $220 from $200 and keeps a Buy rating on the shares post the Q4 results. The company continued to outgrow peer FleetCor (FLT) in the all important fuel segment, and it was also able to accelerate organic growth in the payments segment, the analyst tells investors in a research note.