UPDATE: Evercore ISI Assumes FleetCor Technologies (FLT) at Outperform

June 2, 2022 6:01 AM EDT
Get Alerts FLT Hot Sheet
Price: $182.30 --0%

Rating Summary:
    17 Buy, 9 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 5 | Down: 2 | New: 15
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(Updated - June 2, 2022 6:01 AM EDT)

Evercore ISI analyst Sheriq Sumar assumes coverage on FleetCor Technologies (NYSE: FLT) with a Outperform rating and a price target of $300.00.

The analyst comments "We are assuming lead coverage of FLT from David Togut with an Outperform rating. Our 12-month target price of $300 for FLT implies 21% upside. We view FLT and WEX as pioneers in B2B payments enabling businesses to manage payments efficiently through constant innovation and product expansion. We expect FLT to deliver double-digit EPS growth in the medium term amidst: A) multiple secular and cyclical tailwinds driving double digit organic revenue growth, B) margin expansion, and C) robust capital allocation 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 $242.72 yesterday.

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