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Fly News Breaks for December 17, 2018
HQY
Dec 17, 2018 | 17:04 EDT
Cantor Fitzgerald analyst Steven Halper upgraded HealthEquity to Overweight with an $82 price target. The stock closed the trading day down 4%, or $2.46, to $59.63. Despite the recent pullback in the shares, HealthEquity's fundamentals remain strong as the company continues to benefit from adoption of health savings accounts, Halper tells investors in a research note. The analyst believes the recent pullback in the stock is overdone and creates an attractive entry point.
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