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Fly News Breaks for February 24, 2020
HMSY
Feb 24, 2020 | 08:34 EDT
Canaccord analyst Richard Close lowered his price target on HMS Holdings to $38 from $46 as the company missed both its Q4 and 2020 forecasts. The analyst lowered his estimates as well based on the new guidance but he is keeping a favorable outlook based on it recent Accent acquisition and its cross-selling opportunity, continued PI strength, and positive population management which keeps it better positioned for growth than ever before. Close reiterated his Buy rating on HMS Holdings shares.
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