Piper Jaffray Cuts Price Target on Fleetcor Technologies, Inc. (FLT) Following 3Q

Piper Jaffray reiterated a Neutral rating on FleetCor Technologies (NYSE: FLT), and cut the price target to $152.00 (from $153.00), following the company's 3Q earnings release.

Analyst Alexander Potter commented, "We are updating our model and adjusting our estimates to reflect 3Q15 results and revised company guidance. Our price target is reduced to $152 (from $153) based on 21x 2016E EPS."

For an analyst ratings summary and ratings history on FleetCor Technologies click here. For more ratings news on FleetCor Technologies click here.

Shares of FleetCor Technologies closed at $156.40 yesterday.

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