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Fly News Breaks for August 5, 2016
FLT
Aug 5, 2016 | 07:26 EDT
Oppenheimer analyst Glenn Greene upgraded FleetCor to Outperform from Perform, with a $180 price target, after the company reported "solid" Q2 results with in-line revenue and modest EPS upside. The analyst says the company's shares appear attractively valued given macro drags waning and line-of-sight toward normalized mid-teens organic EPS growth. Greene is also raising his fiscal year 2017 estimate to reflect normalized organic growth and a full-year benefit from the STP acquisition.
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