BMO Capital Reiterates Outperform Rating on Corpay (CPAY)

BMO Capital analyst Rufus Hone reiterated an Outperform rating and $350.00 price target on Corpay (NYSE: CPAY).

The analyst commented, "Following our recent Corpay deep dive, we received numerous questions from investors, with the majority related to the Corporate Payments business, which we believe is still not well understood. In this supplemental report we unpack in greater detail the key products/features within Corpay's Cross-border, AP Automation & Commercial Card offerings. Despite the recent rally in CPAY shares, we continue to like the setup into YE24 (top and bottom-line growth poised to accelerate) and reiterate our Outperform rating."

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

Shares of Corpay closed at $304.79 yesterday.

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