FleetCor price target raised to $230 from $220 at Baird

Baird analyst David Koning raised the firm’s price target on FleetCor to $230 from $220 and keeps a Neutral rating on the shares. The analyst previewed its Q results which are expected to likely be above consensus with 2023 formal guidance likely around Street consensus. Baird views the valuation as quite attractive, though investors seem skeptical of macro.