Morgan Stanley Upgrades Corpay (CPAY) to Overweight

Morgan Stanley analyst Michael Infante upgraded Corpay (NYSE: CPAY) from Equalweight to Overweight with a price target of $379.00 (from $322.00).

The analyst comments "We are upgrading Corpay to Overweight with a $379 PT (13x '27 P/E and ~17x '27 FCF ex. SBC) as we see a path for sustained mid-teens EPS growth and overblown stablecoin fears amid early signs of the long-awaited recovery in freight / trucking demand."

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 $320.52 yesterday.

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