Baird downgraded FleetCor Technologies to Neutral from Outperform with a price target of $302, up from $275. The shares have outperformed the S&P 500 by 29% year-to-date, the analyst tells investors in a research note. The firm thinks the stock “could be a little choppy” as FleetCor divested Russia and Street estimates could fade. Baird believes the company’s corporate unit growth could slow on tough compares.
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