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Fly News Breaks for July 19, 2019
WAGE, HQY
Jul 19, 2019 | 07:14 EDT
As previously reported, BofA Merrill Lynch analyst Allen Lutz upgraded HealthEquity (HQY) to Buy from Neutral, stating that he sees "too many tailwinds to ignore," including its WageWorks (WAGE) deal and the recent expansion of preventive care coverage in HDHPs. Additionally, he believes that interest rate fears are priced into the stock at current levels, Lutz tells investors. He raised his price target on HealthEquity shares to $90 from $75.
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