WEX falls after Morgan Stanley cuts PT on fuel price pressure

WEX

02/02/2026 15:51

** Shares of fuel payment and fleet management platform WEX WEX.N down 1.58% to $151.48

** Morgan Stanley cuts PT on WEX to $144 from $168, which is still a 6.8% upside to the stock's last close

** The government’s push to keep gasoline prices low is expected to squeeze fuel industry margins by about 20 cents per gallon, pressuring profits for fuel‑linked businesses, brokerage says

** Adds same-store sales trends still look bleak and fuel prices are likely headed lower, which would represent a material headwind for EPS and initial '26 outlook risk

** 4 of 14 brokerages rate stock "buy" or higher and 10 "hold"; median PT is $172 - data compiled by SEG

** Including session's move, WEX down 18.7% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))