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Morgan Stanley Sees Significant Upside Potential for FleetCor Technologies

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In a report published Thursday, Morgan Stanley analyst Smittipon Srethapramote reiterated an Equal-Weight rating on FleetCor Technologies (NYSE: FLT).

In the report, Morgan Stanley noted, “FLT delivers another solid quarter, and strong $2.84 rev/txn highlights metrics trending in right direction. We raise our base case to $106 from $103 and remain EW on valuation, but note that significant upside exists if planned $500mn M&A run rate is achieved.”

FleetCor Technologies closed on Wednesday at $107.80.

Latest Ratings for FLT

DateFirmActionFromTo
Sep 2019MaintainsBuy
Sep 2019MaintainsNeutral
Jul 2019Initiates Coverage OnNeutral

View More Analyst Ratings for FLT
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Smittipon SrethapramoteAnalyst Color Reiteration Analyst Ratings

 

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