FleetCor price target raised to $300 from $285 at Citi

Citi raised the firm’s price target on FleetCor to $300 from $285 and keeps a Buy rating on the shares. The analyst likes both FleetCor and Wex ahead of the Q3 results. FleetCor’s setup is unlikely to be as clean after its recent dilutive divestiture, compounded by estimation challenges with recent segmentation changes, but Citi is optimistic on the company’s strategic review efforts and sees it acting on “multiple-enhancing opportunities,” the analyst tells investors in a research note.