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Fly News Breaks for May 3, 2016
FLT
May 3, 2016 | 10:49 EDT
Evercore ISI analyst David Togut raised FleetCor's price target to $191 from $173 ahead of tomorrow's earnings report. The analyst raised 2016 earnings forecast to $6.85 from $6.68 and 2017 earnings forecast to $8.70 from $8.65 saying macro factors bottomed in February and FleetCor's growth prospects have improving for the rest of the year. The analyst has a Buy rating on FleetCor shares.
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