Wex price target raised to $240 from $230 at Citi

Citi raised the firm’s price target on Wex to $240 from $230 and keeps a Buy rating on the shares. The analyst likes both FleetCor and Wex ahead of the Q3 results. On a relative basis, the firm sees a better second half of 2023 risk/reward setup for Wex. The stock remains at a 15% discount versus FleetCor, the analyst tells investors in a research note.the analyst tells investors in a research note.