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Fly News Breaks for April 2, 2019
FLT
Apr 2, 2019 | 07:30 EDT
BTIG analyst Mark Palmer reiterated a Buy rating on FleetCor and raised his price target to $288 from $253, saying that while the company's "solid" Q4 report and management's better-than-expected fiscal 2019 forecast issued on February 6 gave him additional confidence that the company is well positioned to see a continuation of its recent operating momentum, his bullish view of the stock is further supported by management's stated expectation that the company's M&A activity will increase after a quiet fiscal 2018 in that regard.
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