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Fly News Breaks for February 7, 2019
HQY
Feb 7, 2019 | 07:11 EDT
SunTrust analyst Sandy Draper upgraded HealthEquity to Buy and raised his price target to $81 from $65 after the company's better than guided FY18 key metrics and FY19 outlook for growth of 18% vs. his modeled 13%. The analyst says he likes the company's next-twelve-month visibility and expects it to capture more market share, adding that his conservative forecast was negated by better than anticipated trends in the closely correlated 3-year Treasury yield.
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