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Fly News Breaks for April 10, 2017
FLT
Apr 10, 2017 | 08:18 EDT
Keefe Bruyette analyst Sanjay Sakhrani believes the recent selloff in shares of FleetCor [presents an attractive entry point. The chances of regulatory action are low and the portion of the company's sales attributable to fuel program fees is much less than stated in the negative research reports, Sakhrani tells investors in a research note. He believes the stock has been "unfairly maligned." The analyst keeps an Outperform rating on FleetCor with a $201.50 price target.
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