Goldman Sachs Updates FX Assumptions On FleetCor Technologies

According to Goldman Sachs, FleetCor Technologies FLT FX assumptions are updated. Goldman Sachs said that, following FLT's 10-Q filing (which included a 1Q11 cash flow statement), it has updated the model and FX inputs/assumptions. “Our FLT management-defined (adds back amortization and stock option expense) CY11/CY12/CY13 EPS estimates remain $1.93/$2.36/$2.75. We do not view these changes as material, and there are no changes to our investment thesis, rating, or price target.” FleetCor Technologies closed yesterday at $34.07.