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Fly News Breaks for April 30, 2019
WAGE, HQY
Apr 30, 2019 | 07:40 EDT
WageWorks (WAGE) would be a good strategic fit for HealthEquity (HQY), as the potential acquisition would provide a broader set of offerings for the combined company, Cantor Fitzgerald analyst Steven Halper tells investors in a research note. The analyst believes the acquisition would be a "logical move" for HealthEquity and notes that the company's CEO Jon Kessler founded WageWorks in 2000 and joined HealthEquity in 2009 as CEO. Halper reiterates an Overweight rating on HealthEquity with a $90 price target.
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