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published in Blogs
Mar 11, 2019

WageWorks (WAGE, $29.69) got upgraded to "outperform" from "market perform" by Wells Fargo analyst

WageWorks got a ratings upgrade to "outperform" from "market perform" by Wells Fargo analyst Jamie Stockton on Friday. The analyst set a new price target of  $45 a share – around +52% higher compared to the consumer directed benefits/tax benefits-management firm’s current stock price.

Wells Fargo’s upgrade on WageWorks comes a month after Zacks Investment Research upped its rating on the stock to "hold". Although SunTrust Banks analyst Tobey Sommer cut his target price to $50 a share for WageWorks in February, he maintained his "buy" rating on the stock.

 

Related Ticker: WAGE
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