Wells Fargo analyst Jeff Cantwell raised the firm’s price target on FleetCor to $240 from $225 and keeps an Overweight rating on the shares. The firm notes the company’s 2023 EPS guide was good, with Wells thinking it leaves potential room for upside. Q1 revenue/EPS guidance was reasonable, and KPIs should step-up over 2023, the firm adds.
Published first on TheFly
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- FleetCor sees Q1 adjusted EPS $3.55-$3.75, consensus $3.82
- FleetCor sees FY23 adjusted EPS $16.25-$17.25, consensus $17.09
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