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Fly News Breaks for March 19, 2019
FLT
Mar 19, 2019 | 07:14 EDT
Citi analyst Peter Christiansen raised his price target for FleetCor Technologies to $280 from $235 saying the company's momentum is likely to continue and the stock has "more room to run." The macro environment has been incrementally positive since FleetCor last reported, while fuel prices continue to rebound significantly since the late December lows, Christiansen tells investors in a research note. He believes these factors present upside revision potential to full year estimates and the company's outlook. The analyst keeps a Buy rating on FleetCor.
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