Corpay price target raised to $425 from $375 at Jefferies

Jefferies raised the firm’s price target on Corpay to $425 from $375 and keeps a Buy rating on the shares. Despite expectations for a slight top-line beat, the firm models EPS in-line due to higher interest expense, the analyst tells investors in a preview. Q4 guidance “likely needs a modest trim,” but the implied exit rate should keep confidence in low-double digit percentage FY25 growth, the analyst added.