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Fly News Breaks for November 21, 2016
FLT
Nov 21, 2016 | 06:54 EDT
Jefferies analyst Ramsey El-Assal added FleetCor to his firm's Franchise Pick List saying he sees potential 30% upside from current levels following the recent selloff. The factors that drove the "modest" Q3 miss should prove temporary, El-Assal tells investors in a research note. He sees a strong setup for the company in 2017. The analyst raised his price target for the shares to $197 from $193 and keeps a Buy rating on FleetCor.
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