Fleetmatics Group (FLTX) Tops Q4 EPS by 11c, Offers Q1 & FY Guidance

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Imperial Capital Upgrades Fleetmatics Group Limited (FLTX) to Outperform

February 26, 2016 6:52 AM EST

Imperial Capital upgraded Fleetmatics Group Limited (NYSE: FLTX) from In-Line to Outperform with a price target of $50.00 (from $60.00).

Analyst Jeff Kessler commented, "After considering managements 1Q16 and FY16 guidance, we are revising our quarterly and yearly estimates for 2016 and 2017. Bearing... More