Stocks
JPMorgan Raises Corpay Price Target to $470 Amid Strong Earnings
JPMorgan Chase & Co. has increased its price target for Corpay (NYSE:CPAY) from $400 to $470, suggesting a potential upside of 17.63% from the current stock price.
The investment bank currently holds an 'overweight' rating on the corporate payments company's stock, according to MarketBeat.
This is not the only recent upgrade for Corpay; Keefe, Bruyette & Woods boosted its target from $400 to $470 and reiterated an 'outperform' rating. Wolfe Research also restated an 'outperform' rating with a $475 price objective.