Corpay price target raised to $430 from $405 at Citi

Citi raised the firm’s price target on Corpay (CPAY) to $430 from $405 and keeps a Buy rating on the shares post the Q3 report. The headline results were modestly above expectations, says the firm, which continues to view the company’s fiscal 2025 setup as attractive. Management’s tone came across as the best Citi has heard in its eight years of covering the stock, noting that the business is beginning to “fire on all cylinders,” the analyst tells investors in a research note.