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Fly News Breaks for May 4, 2018
HIIQ
May 4, 2018 | 07:49 EDT
Canaccord analyst Richard Close said the magnitude of the pullback in Health Insurance Innovations following its beat and raise Q1 report was surprising. He said it the company remains a top pick as the outlook is improving with a likely near-term resolution to the multi-state investigation, probable reversal of the 3-month duration limit on short term medical, and the individual mandate penalty going away in 2019. Close reiterated his Buy rating and $55 price target on Health Insurance Innovations shares.
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