WEX falls after Morgan Stanley cuts PT on fuel price pressure

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