FleetCor price target raised to $285 from $250 at Citi

Citi analyst Peter Christiansen raised the firm’s price target on FleetCor to $285 from $250 and keeps a Buy rating on the shares ahead of the Q2 report. The company could updated investors on several items, including the pending sale of its Russian fuel card business, as well as a potential update on management’s strategic review, the analyst tells investors in a research note. The firm cites a refreshed sum-of-the-parts analysis for the target raise.