Corpay price target raised to $355 from $340 at Jefferies

Jefferies analyst Trevor Williams raised the firm’s price target on Corpay to $355 from $340 and keeps a Buy rating on the shares. While the firm leans “more cautious” on Corpay into earnings as the firm model EPS slightly below consensus and expects Q2 revenue to be guided below the Street view, the firm expects a reiteration of fiscal year revenue guidance even with a guide-below for Q2, the analyst tells investors in a preview note.