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Fly News Breaks for August 5, 2016
EHTH
Aug 5, 2016 | 07:39 EDT
Craig-Hallum analyst George Sutton upgraded eHealth to Buy citing the recent drop in shares and insider buying. Sutton said the CEO and a board member aggressively bought back shares and he chooses to be aligned with people in possession of the details around the strategic review process. The analyst hears the strategic review plan will likely include a more aggressive pursuit of Medicare, the pursuit of small business and a likely moderation of its Individual and Family Plan marketing unless CMS improves the subsidy connector between now and then. Sutton maintained his $13 price target on eHealth shares.
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