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Fly News Breaks for June 5, 2019
HQY
Jun 5, 2019 | 11:47 EDT
Barrington analyst Alexander Paris, Jr. reiterated an Outperform rating and $100 price target on HealthEquity after the company reported Q1 earnings results that beat consensus expectations, along with faised FY20 guidance. The analyst believes a "premium is warranted" for HealthEquity given its "current and prospective growth profile, its leading position within the market, the recurring nature and visibility of its revenue, the leverage inherent in the model and its high free cash flow conversion."
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