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Fly News Breaks for December 6, 2018
HQY
Dec 6, 2018 | 07:08 EDT
As reported earlier, SunTrust analyst Sandy Draper downgraded his rating on HealthEquity to Hold from Buy and lowered his price target to $90 from $105. The analyst cites reduced tailwinds from the interest rate environment over the next 12 months based on the recent comments from the Fed, tough assets under management comps in Q4, and his expected lower number of upward earnings revisions as "the high visibility and scale of the business limit the upside surprise potential".
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