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Fly News Breaks for January 31, 2020
FLT
Jan 31, 2020 | 07:50 EDT
Cowen analyst Georgios Mihalos initiated coverage of FleetCor Technologies with an Outperform rating and $360 price target. The analyst believes share pressure associated with the Federal Trade Commission suit creates an opportunity. He sees minimal long-term impact and expects FleetCor to deliver double-digit organic revenue and mid-high teens earnings growth "aided by balance sheet flexibility."
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