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Fly News Breaks for February 20, 2019
EHTH
Feb 20, 2019 | 09:22 EDT
RBC Capital analyst Frank Morgan raised his price target on eHealth to $83 and kept his Outperform rating, saying the company's Q4 pre-announcement suggests that 2019 guidance may be conservative. The analyst adds that the recent secondary offering gives company the funding for continued growth as the management has expressed its plans to use the $126M in proceeds to fund organic growth and development. Given its enhanced liquidity, Morgan believes that eHealth "should continue expanding market share in the rapidly-growing Medicare market."
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