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Fly News Breaks for August 2, 2018
EGOV
Aug 2, 2018 | 06:22 EDT
Loop Capital analyst Joseph Vafi raised his price target on NIC to $17 after its better than expected Q2, saying the results were driven by a price increase and a strong economic backdrop. The analyst also keeps his Hold rating, stating that while M&A in health care technology could produce a "new growth leg" for the company, new state logo opportunities are "scarce". Vafi further points to the limited visibility around its Texas contract protest effort and its potential to result in lower profitability in FY19.
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