FleetCor Technologies shares are trading higher after the company reported better-than-expected Q2 financial results and issued FY23 revenue guidance above estimates. Additionally, Morgan Stanley raised its price target from $243 to $244 on the stock.
Portfolio Pulse from Benzinga Newsdesk
FleetCor Technologies reported better-than-expected Q2 financial results and issued FY23 revenue guidance above estimates. Morgan Stanley raised its price target from $243 to $244 on the stock.
August 09, 2023 | 2:05 pm
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POSITIVE IMPACT
FleetCor Technologies' Q2 results exceeded expectations and the company issued a positive FY23 revenue forecast. Morgan Stanley increased its price target for the stock.
FleetCor Technologies' better-than-expected Q2 results and positive FY23 revenue guidance are likely to boost investor confidence and potentially drive the stock price up in the short term. Additionally, the raised price target by Morgan Stanley further supports this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100