Corpay's stock surged 5.06% during intraday trading on Friday, driven by positive analyst actions including price target upgrades from multiple firms.
Mizuho Securities raised its price target on Corpay to $340 from $320, while Autonomous Research increased its target to $389 from $380 and maintained an Outperform rating on the stock. These analyst actions come as the company continues to receive positive coverage from Wall Street firms.
The stock's significant gain reflects investor optimism following these upward revisions to price targets, which suggest analysts see continued growth potential for the payment solutions provider.
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