Mizuho analyst Dan Dolev lowered the firm’s price target on Fleetcor to $235 from $245 and keeps a Neutral rating on the shares. The analyst updated estimates to reflect the company’s guidance. Management noted the U.S. showed some softness in small fleets, in addition to the impact from the shift away from micro clients, the analyst tells investors in a research note.
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Read More on FLT:
- Fleetcor price target lowered to $314 from $322 at Barclays
- Fleetcor sees Q4 adjusted EPS $4.34-$4.64, consensus $4.53
- Fleetcor sees 2023 adjusted EPS $16.82-$17.12, consensus $17.02
- Fleetcor reports Q3 adjusted EPS $4.49, consensus $4.51
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