RBC Capital analyst Daniel Perlin raised the firm’s price target on Corpay (CPAY) to $400 from $354 and keeps a Sector Perform rating on the shares. The company’s underlying growth continues to make progress, but the overall macro backdrop is resulting in a reduction of prior guidance, with FX, fuel prices, and interest rates having turned worsened since Corpay provided prior ranges back on its November earnings call, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPAY:
- BofA lowers Corpay price target, says weakness a buying opportunity
- Corpay price target lowered to $440 from $450 at BMO Capital
- Corpay price target lowered at Raymond James, says buy shares on weakness
- Corpay price target raised to $445 from $415 at Keefe Bruyette
- Corpay price target raised to $440 from $408 at Baird