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Fly News Breaks for January 28, 2019
FLT
Jan 28, 2019 | 16:28 EDT
Jefferies analyst Michael Del Grosso initiated FleetCor with a Hold rating and a price target of $210, saying that while the company stands to benefit from the long-term secular growth of increased fleet fuel card adoption and continued penetration in global markets, he sees its current valuation adequately reflecting its growth opportunities. The analyst adds that the current consensus for FleetCor's revenues "estimates adequately fuel price declines with limited near-term catalysts."
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