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FleetCor Technologies, Inc. (FLT) [hlAlert]

Rating:
Market Perform
FLT

FleetCor Technologies, Inc. (FLT) rated Market Perform by Wells Fargo

Posted on: Friday,  Oct 12, 2012  8:25 AM ET by Wells Fargo

FleetCor Technologies, Inc. (NYSE:
FLT) rated Market Perform by Wells Fargo.

Fleetcor Technologies, Inc. (FleetCor) is an independent global provider of specialized payment products and services to businesses, commercial fleets, oil companies, petroleum marketers and government entities in 18 countries in North America, Europe, Africa and Asia. FleetCor operates in two segments: North American and International segments. The Company provides its payment products and services in a range to create customized payment solutions for the customers and partners. It also uses third-party networks to deliver its payment programs and services in order to broaden its card acceptance and use. To support its payment products, the Company also provides a range of services, such as issuing and processing, as well as specialized information services that provide its customers with value-added functionality and data. In December 2011, it acquired AllStar Business Solutions Limited from The Arval Group.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2012 8:25 AM Hold
None
45.37
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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