Corpay named Franchise Pick, price target raised to $425 at Jefferies

Jefferies raised the firm’s price target on Corpay to $425 from $375 and keeps a Buy rating on the shares. The firm is also naming the stock to its Franchise Picks list that screens for differentiated analysis, supported by catalysts, and sit at valuation levels that suggest upside. Corpay is accelerating its growth-accretive mix shift away from its legacy fuel card issuing business to its faster growing Corporate Payments business via acquisitions, and the firm sees 10% upside to FY26 Street EPS based on synergies and buybacks, the analyst tells investors in a research note.