23 stories mentioning CPAYUpdated 11d ago
Every FINWIRES story that references CPAY, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Corpay (CPAY) said Tuesday it has launched new AI capabilities within Corpay Complete to help businesses manage expenses.New features include an AI virtual assistant, automated receipt matching and reconciliation, and real-time reporting, it said.Price: $314.62, Change: $+1.85, Percent Change: +0.59%
Morgan Stanley Lifts Corpay Price Target to $390 From $379, Maintains Overweight Rating
WEX (WEX) and Corpay (CPAY) are positioned to benefit in Q1 from the jump in US fuel prices, which boosts transaction-based revenue in their fleet and vehicle-payments businesses, BofA Securities said Wednesday in a report.WEX is tracking ahead of expectations for the quarter, with revenue and adjusted earnings likely to exceed consensus as higher fuel prices flow through its fuel-linked payment volumes, the report said. BofA forecasts Q1 revenue of $676 million and adjusted EPS of $4.11, above Wall Street estimates.Corpay is expected to deliver results broadly in line with consensus, with investor attention focused on any updates to its outlook and progress on merger and divestiture plans, the report said. BofA models Q1 revenue of $1.21 billion and adjusted EPS of $5.45.WEX is scheduled to report results on April 22 with Corpay on May 6.BofA raised its price target on WEX stock to $193 from $180 and maintained its buy rating. On Corpay, BofA reduced its price target to $377 from $384 and reiterated its buy rating.WEX shares rose 2.2% in Wednesday trading, and Corpay gained 0.9%.Price: $171.67, Change: $+3.68, Percent Change: +2.19%
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