FleetCor price target raised to $315 from $305 at Truist

Truist analyst Andrew Jeffrey raised the firm’s price target on FleetCor to $315 from $305 and keeps a Buy rating on the shares. The stock could be volatile in the near-term around likely upcoming restructuring and mid-term financial guidance, but its more focused business also offers ample cross-sell potential and robust free cash flow compounding supports “modest multiple expansion”, the analyst tells investors in a research note.