UPDATE: Wells Fargo Starts FleetCor Technologies (FLT) at Overweight

(Updated - April 4, 2022 4:36 PM EDT)

Wells Fargo analyst Jeff Cantwell initiates coverage on FleetCor Technologies (NYSE: FLT) with a Overweight rating and a price target of $294.00.

The analyst comments "Steady compounder with differentiated platform characterized by high recurring revenue and solid profitability. We expect strong EPS growth (17%/15%) in '22/'23 driven by Fuel; this should drive shares higher. Corporate Payments provides potential headroom for revenue/EPS upside."

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 $249.60 yesterday.

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