A series of recent updates have impacted **Corpay (CPAY)**, most significantly its decision to **rebrand from FleetCor**. The company also announced its acquisition of **Paymerang** expanding its service provision and market reach in the corporate payments sector. The company reported **Q1 earnings** that beat estimates, despite facing certain short-term concerns. While revenues missed estimates, the **EPS aligned with projections**, and the company highlighted its commitment to navigating challenges and capitalising on growth. Barclays and other brokerages have lowered the price target to around $350.00 due to some mixed results and a reported downgrade by Wolfe Research. Other noteworthy developments include **Corpay's decision to participate in upcoming investor conferences**, the agreement to acquire Cambridge Global Payments, and the appointment of Oliver Morris as the new Head of Institutional Fund Services for EMEA.
Corpay CPAY News Analytics from Fri, 23 Dec 2016 22:41:13 GMT to Thu, 23 May 2024 17:34:33 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 8
