FleetCor falls as Citron reiterates short call

|About: FleetCor Technologies, Inc. (FLT)|By:, SA News Editor

FleetCor (FLT -3.8%) is lower after Citron issues a new negative report claiming the company has "developed a deep learning algorithm to intentionally cheat its customers with 'junk' fees," citing interviews with former employees.

FLT’s operations, "in particular its fee-generating computer programs, result in clear, systemic violations of the FTC’s Section 5 Unfair Practices,” according to the report.

Citron, which came out negative on FLT earlier this month (I, II), sees $80 as a short-term price target for the shares.