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Fly News Breaks for July 31, 2017
EHTH, HIIQ
Jul 31, 2017 | 07:39 EDT
Canaccord analyst Richard Close said Health Insurance Innovations (HIIQ) traded lower because a competitor, eHealth (EHTH), which he sees as only loosely correlated, missed Q2 expectations. In addition, the Senate voted down the "skinny" repeal of the ACA. The analyst feels the weakness is unwarranted and recommends buying the shares ahead of next week's earnings. Close reiterated his Buy rating and $30 price target on Health Insurance Innovations shares.
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