Wex INC WEX was upgraded from Underweight to Neutral and the price target was raised from $90 to $95 in a research note published Friday by J.P. Morgan.
The note follows recent fourth-quarter results and first-quarter guidance from Wex on
The firm's Tien-sin Huang cited the stock's lower valuation vs the S&P 500 and a de-risked outlook to capture lower fuel prices and investments.
Wex Inc expects to see 9 to 18 percent growth in 2014, according to Huang.
Shares of WEX last traded at $88 even, up about 0.7 percent from Thursday's closing price.
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