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Fly News Breaks for May 2, 2017
FLT
May 2, 2017 | 06:29 EDT
In a post-earnings research report titled "Strongly Refutes Fake News," Deutsche Bank analyst Ashish Sabadra says FleetCor provided incremental disclosures and addressed key bear concerns regarding its billing practices. With the stock down 13% since the short reports, the "solid" Q1 results, management "strongly refuting bear concerns," and potentially hosting an inaugural analyst day should cause the stock to re-rate higher, Sabadra tells investors. The analyst keeps a Buy rating on FleetCor with a $185 price target.