FleetCor price target raised to $295 from $245 at Truist

Truist analyst Andrew Jeffrey raised the firm’s price target on FleetCor to $295 from $245 and keeps a Buy rating on the shares. The firm continues to like FleetCor based on fundamentals, and has growing confidence in a corporate restructuring that can unlock material shareholder value, the analyst says in a research note. FleetCor is poised to deliver more predictable beat-and-raise financial performance, and the company will likely divest one or more businesses, perhaps creating a B2B-focused Remain Co., the firm says.