BMO Capital lowered the firm’s price target on Corpay (CPAY) to $440 from $450 but keeps an Outperform rating on the shares after its Q4 results. The company’s underlying trends are encouraging, though macro headwinds weighed on its 2025 guidance, the analyst tells investors in a research note. A more modest macro headwind was anticipated, and BMO expects Corpay shares to give back some year-to-date appreciation, the firm added.
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