Bell Potter raised the target price of SG Fleet to $4.05 from $3.10 a share previously and has a "buy" recommendation on the vehicle leasing and fleet management services company.
"SGF has announced the acquisition of nlc, a specialist manager and provider of novated leases and consumer vehicle finance for $154m.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
