WEX Inc. (WEX) PT Lowered to $206 at Mizuho

Mizuho analyst Dan Dolev lowered the price target on WEX Inc. (NYSE: WEX) to $206.00 (from $235.00) while maintaining a Outperform rating.

The analyst comments "Following a difficult 2Q for the stock, results may have proved what investors were worried about: (1) Lower than expected fuel prices drove a reduction to 2H guide. (2) Booking.com shifting volumes away faster than initially thought & large OTAs sharing volumes across firms may create questions about the OTA model. While we are lowering estimates / PT to $206, we still believe in WEX. We see strength in accelerating Mobility revenue with WEX constantly working on new revenue opportunities including cross-selling new products from deals like the Payzer acquisition."

You May Also Be Interested In

• Alphabet added to Dow Jones Industrial Average, Verizon dropped
• Alaska Air (ALK) PT Raised to $62 at UBS on Updated Q2 Estimates
• ACM Research, Inc. (ACMR) PT Raised to $130 at Morgan Stanley