Fleetcor price target lowered to $235 from $245 at Mizuho

Mizuho analyst Dan Dolev lowered the firm’s price target on Fleetcor to $235 from $245 and keeps a Neutral rating on the shares. The analyst updated estimates to reflect the company’s guidance. Management noted the U.S. showed some softness in small fleets, in addition to the impact from the shift away from micro clients, the analyst tells investors in a research note.