FleetCor price target raised to $277 from $240 at RBC Capital

RBC Capital raised the firm’s price target on FleetCor to $277 from $240 and keeps a Sector Perform rating on the shares after its Q2 earnings beat. The management continues to execute on its efforts to simplify and streamline its business with the sale of its Russian operations this month, as well as increase its EV and corporate payments solutions, the analyst tells investors in a research note.