Goldman Sachs Remains Neutral On FleetCor (FLT)

In a recent report, Goldman Sachs has maintained a Neutral rating and has left estimates unchanged on FleetCor

as 1Q11 results were in-line with its estimates. The current price target on FLT is $33.00 and the EPS estimate remains at $1.80 for CY11. In the report, Goldman Sachs said, "After backing out lower than expected int'l.transaction growth related to the wind-down of a contract carried over from a prior acquisition, FLT continues to generate solid operating leverage, beating our above-consensus estimate of 44.5% by 100bps." FleetCor closed yesterday at $33.61.