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FleetCor Technologies, Inc. (FLT) [hlAlert]

Rating:
Neutral FLT

FleetCor Technologies, Inc. (FLT) rated Neutral by JP Morgan

Posted on: Friday,  Jan 11, 2013  8:25 AM ET by JP Morgan

FleetCor Technologies, Inc.
(NYSE: FLT) rated Neutral by JP Morgan.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2013 8:25 AM Hold
None
55.79
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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