Morgan Stanley Downgrades FleetCor Technologies (FLT) to Equalweight

Morgan Stanley analyst James Faucette downgraded FleetCor Technologies (NYSE: FLT) from Overweight to Equalweight with a price target of $284.00 (from $240.00).

The analyst comments "We are downgrading FLT to EW as we (and the market) now give the shares fuller credit for both its Beyond Fuel/Toll and B2B growth opportunities and its growth through acquisitions strategy..."

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 $292.29 yesterday.

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