Barclays Maintains Overweight on Corpay, Lowers Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Ramsey El-Assal maintains an Overweight rating on Corpay (NYSE:CPAY) but lowers the price target from $355 to $350.

May 13, 2024 | 6:00 pm
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NEUTRAL IMPACT
Barclays maintains an Overweight rating on Corpay but lowers the price target from $355 to $350, indicating a positive outlook with a slight adjustment in valuation.
The adjustment in price target by Barclays reflects a minor change in valuation expectations for Corpay. While the Overweight rating indicates a positive outlook, the reduction in price target suggests a slight tempering of expectations. This could lead to a neutral short-term impact on the stock as investors digest the implications of the adjusted price target against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100