Baird Downgrades Fleetcor Technologies to Neutral, Raises Price Target to $302
Portfolio Pulse from Benzinga Newsdesk
Baird analyst David Koning has downgraded Fleetcor Technologies (NYSE:FLT) from Outperform to Neutral, while raising the price target from $275 to $302.
October 11, 2023 | 10:15 am
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NEUTRAL IMPACT
Fleetcor Technologies has been downgraded to Neutral from Outperform by Baird, but the price target has been raised to $302.
The downgrade to Neutral suggests that Baird sees limited upside potential for Fleetcor Technologies in the near term. However, the raised price target indicates that Baird still sees value in the stock, just not as much as before. This could lead to a neutral or slightly negative reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100