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FLT

FleetCor

$291.54

2.11 (0.73%)

07:26
07/08/19
07/08
07:26
07/08/19
07:26

FleetCor price target raised to $340 from $288 at BTIG

BTIG analyst Mark Palmer raised his price target on FleetCor to $340 and kept his Buy rating, saying the company is "well positioned" for a big push on the M&A front, which has in the past driven its earnings accretion and multiple expansion. The analyst contends that the mix of M&A and accelerating growth in its core fleet fuel card, B2B, lodging and toll segments should yield FleetCor's earnings growth rate of nearly 20% over the next two years.

FLT FleetCor
$291.54

2.11 (0.73%)

06/13/19
RHCO
06/13/19
NO CHANGE
Target $320
RHCO
Buy
FleetCor price target raised to $320 from $300 at SunTrust
SunTrust analyst Oscar Turner raised his price target on FleetCor to $320 and kept his Buy rating, saying the company's Beyond Fuel initiative that opens cards to non-fuel purchases is underappreciated and will drive the Fuel Card segment revenue growth acceleration to as high as mid-teen rate over the next two years. The analyst adds that his recent conversation with customers highlight the company's "more aggressive-than-anticipated push to gain wallet share", noting that a survey result also suggests that about 70% of customers would be willing to open cards to non-fuel categories.
06/05/19
BTIG
06/05/19
NO CHANGE
Target $18
BTIG
Buy
Verra Mobility may be a good fit to be acquired by FleetCor, says BTIG
BTIG analyst Mark Palmer kept his Buy rating and $18 price target on Verra Mobility (VRRM), saying that in addition to having a "competitive moat" created by its long-dated relationships with its rental car and fleet management customers, the company would also be a good fit for FleetCor Technologies (FLT) in a potential acquisition. Calling it a "win-win" proposition, the analyst says the deal would be "instantly accretive", as Fleet Cor would immediately take a "near-monopolistic position in the U.S. tolling payment space while diversifying away from its fleet fuel card business." Palmer also believes that Verra Mobility could be complementary to FleetCor's other business lines.
06/05/19
06/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Roku (ROKU) upgraded to Buy from Neutral at Guggenheim with analyst Michael Morris saying he sees "strong secular tailwinds" for streaming video consumption and believes the company's Q1 results were representative of the core trajectory for its key metrics. 2. Cronos Group (CRON) double upgraded to Buy from Underperform at BofA/Merrill with analyst Christopher Carey saying he has improved confidence that Cronos is near announcing a launch in the U.S., following recent comments by management. 3. Medtronic (MDT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Lawrence Biegelsen saying the company's late stage pipeline will accelerate its growth into fiscal 2021. 4. e.l.f. Beauty (ELF) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Dara Mohsenian saying he views valuation as more reasonable following the 53% drop in the stock over the last year. 5. FleetCor (FLT) and Wex (WEX) upgraded to Buy from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/05/19
GSCO
06/05/19
UPGRADE
Target $225
GSCO
Buy
Wex upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst James Schneider upgraded Wex (WEX) to Buy from Neutral and raised his price target for the shares to $225 from $193 Both FleetCor (FLT) and Wex have "substantially" improved their execution over the past year and are on track to deliver "consistent," mid-to-high teens earnings growth over the next two years, Schneider tells investors in a research note. He sees improving organic growth in the core fleet card business as well as a secular market opportunity in business-to-business "where the companies are in leading positions." Further, both stocks currently trade at a discount to historical levels, adds Schneider. For Wex, he believes new client wins and growth in oil portfolios should drive continued growth in its Fleet Solutions unit.

TODAY'S FREE FLY STORIES

CSX

CSX

$79.47

0.95 (1.21%)

15:04
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ESV

Ensco Rowan

$8.24

-0.21 (-2.49%)

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Ensco put volume heavy and directionally bearish »

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FB

Facebook

$203.23

-0.7 (-0.34%)

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UAL

United Continental

$94.14

2.84 (3.11%)

14:49
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Options
United Continental options imply 6.7% move in share price post-earnings, above median historical move »

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MNST

Monster Beverage

$65.31

0.03 (0.05%)

, PM

Philip Morris

$81.31

-0.13 (-0.16%)

14:44
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14:44
Recommendations
Monster Beverage, Philip Morris, British American Tobacco, Altria Group, Nielsen analyst commentary at Wells Fargo »

Wells says Nielsen…

MNST

Monster Beverage

$65.31

0.03 (0.05%)

PM

Philip Morris

$81.31

-0.13 (-0.16%)

BTI

British American Tobacco

$36.42

-0.23 (-0.63%)

MO

Altria Group

$49.20

-0.36 (-0.73%)

NLSN

Nielsen

$23.36

-0.05 (-0.21%)

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CHFC

Chemical Financial

$40.69

-0.11 (-0.27%)

, TCF

TCF Financial

$20.63

-0.03 (-0.15%)

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CHFC

Chemical Financial

$40.69

-0.11 (-0.27%)

TCF

TCF Financial

$20.63

-0.03 (-0.15%)

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Conference/Events
Morgan Stanley India phama analyst to hold an analyst/industry conference call »

India Pharmaceuticals…

F

Ford

$10.43

0.015 (0.14%)

, GM

General Motors

$39.21

-0.15 (-0.38%)

14:25
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14:25
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Periodicals
U.S. car makers open UAW contract talks as labor costs rise, WSJ reports »

Major U.S. car makers are…

F

Ford

$10.43

0.015 (0.14%)

GM

General Motors

$39.21

-0.15 (-0.38%)

FCAU

Fiat Chrysler

$13.61

-0.565 (-3.99%)

03/08/13
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JBLU

JetBlue

$19.53

0.8 (4.27%)

14:25
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07/16
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Options
JetBlue call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

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GOOG

Alphabet

$1,152.76

2.37 (0.21%)

14:25
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07/16
14:25
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14:25
Conference/Events
Senate Judiciary Committee to hold a hearing »

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14:25
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14:25
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Conference/Events
JPMorgan SMid Cap biotech analyst to hold an analyst/industry conference call »

SMid Biotech Analyst Fye,…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
07/16/19
07/16
14:17
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14:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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07/16
14:16
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Technical Analysis
NYSE market internals summary »

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CFRX

ContraFect

$0.47

-0.0187 (-3.83%)

14:12
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14:12
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Conference/Events
ContraFect management to meet with Jefferies »

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General news
More from Kaplan: he thinks the funds rate will stabilize after just one rate cut »

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ATEC

Alphatec

$4.38

-0.06 (-1.35%)

14:09
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Syndicate
Breaking Syndicate news story on Alphatec »

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SPOT

Spotify

$154.15

-0.13 (-0.08%)

, AAPL

Apple

$203.82

-1.36 (-0.66%)

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Hot Stocks
Spotify slides after Apple said to plan original, exclusive podcasts »

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SPOT

Spotify

$154.15

-0.13 (-0.08%)

AAPL

Apple

$203.82

-1.36 (-0.66%)

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MCD

McDonald's

$213.70

-0.48 (-0.22%)

, UBER

Uber

$44.37

-0.14 (-0.31%)

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Hot Stocks
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MCD

McDonald's

$213.70

-0.48 (-0.22%)

UBER

Uber

$44.37

-0.14 (-0.31%)

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APRN

Blue Apron

$12.46

4.81 (62.88%)

14:00
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07/16
14:00
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Options
Explosive action in BlueApron as partnership with BYND anhiliates shorts »

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  • 06

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AAPL

Apple

$204.13

-1.05 (-0.51%)

, SPOT

Spotify

$154.63

0.35 (0.23%)

13:59
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13:59
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Periodicals
Apple to fund original podcasts in challenge to Spotify, Bloomberg says »

Apple (AAPL) plans to…

AAPL

Apple

$204.13

-1.05 (-0.51%)

SPOT

Spotify

$154.63

0.35 (0.23%)

03/08/13
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  • 30

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TSLA

Tesla

$252.11

-1.3 (-0.51%)

13:55
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  • 24

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CARS

Cars.com

$20.95

-0.56 (-2.60%)

13:55
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Options
Cars.com put volume heavy and directionally bearish »

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BAC

Bank of America

$28.93

-0.29 (-0.99%)

, ABT

Abbott

$83.27

-0.53 (-0.63%)

13:50
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Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BAC

Bank of America

$28.93

-0.29 (-0.99%)

ABT

Abbott

$83.27

-0.53 (-0.63%)

USB

U.S. Bancorp

$53.04

-0.07 (-0.13%)

PNC

PNC Financial

$138.85

-1.33 (-0.95%)

PGR

Progressive

$84.25

0.245 (0.29%)

BK

BNY Mellon

$43.20

0.05 (0.12%)

OMC

Omnicom

$84.47

0.46 (0.55%)

TXT

Textron

$54.17

0.74 (1.39%)

CMA

Comerica

$71.70

0.34 (0.48%)

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CSX

CSX

$79.79

1.27 (1.62%)

, CTAS

Cintas

$243.78

0.47 (0.19%)

13:49
07/16/19
07/16
13:49
07/16/19
13:49
Earnings
Notable companies reporting after market close »

Notable companies…

CSX

CSX

$79.79

1.27 (1.62%)

CTAS

Cintas

$243.78

0.47 (0.19%)

UAL

United Continental

$94.36

3.06 (3.35%)

FNF

Fidelity National

$41.43

-0.12 (-0.29%)

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