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FleetCor price target raised to $255 from $240 at Jefferies
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FleetCor price target raised to $255 from $240 at Jefferies

Jefferies raised the firm’s price target on FleetCor to $255 from $240 and keeps a Buy rating on the shares. With a portfolio review underway following activist involvement, the firm says it would strongly favor a "keep and build" approach, rather than for FleetCor to spin or sell one of the core assets. The organic mix shift already underway, supplemented with more aggressive M&A, could yield about a $325 sum-of-the-parts valuation by year-end 2025, the firm added.

Published first on TheFly

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