Wex price target raised to $235 from $210 at Deutsche Bank

Deutsche Bank analyst Nate Svensson raised the firm’s price target on Wex to $235 from $210 and keeps a Hold rating on the shares. The analyst expects solid Q1 results from Wex. The company should benefit from continued momentum in corporate payments and higher than expected fuel prices during the quarter, even as freight flows “continue to bounce along the bottom,” the analyst tells investors in a research note.