Cantor Fitzgerald Starts Coverage on Corpay, Assigns Overweight and $385 Target
Cantor Fitzgerald initiated coverage of Corpay (NYSE: CPAY) with an Overweight rating and a $385 price target, citing the company’s advantaged fleet franchise and market-leading positions in cross-border payments/FX and Brazil tolls. The firm views disruption fears as overstated and models mid-to-high single-digit organic growth in Vehicle Payments…