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Fly News Breaks for February 20, 2019
FLT
Feb 20, 2019 | 07:44 EDT
Barclays analyst Ramsey El-Assal raised his price target for Fleetcor Technologies to $259 from $253 following a deep-dive look at the company's Brazil Tolls business. The analyst believes Brazil Tolls represents one of the company's more compelling growth opportunities. He's "particularly positive" on FleetCor's expansion into non-toll categories such as fuel, parking, and drive-thru restaurants. El-Assal keeps an Overweight rating on the shares.
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