Cantor Fitzgerald initiated coverage of Corpay (CPAY) with an Overweight rating and $385 price target The company’s fleet business benefits from a deep, duopolistic competitive moa, while its role as an industrial-grade, back-office payments processor provides competitive insulation from a rapidly evolving fintech industry, the analyst tells investors in a research note. The fears of a stablecoin-driven disruption and tariff impact on the cross-border business are overblown, Cantor added.
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