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Fly News Breaks for September 17, 2019
HQY
Sep 17, 2019 | 07:11 EDT
KeyBanc analyst Donald Hooker lowered his price target for HealthEquity to $70 from $90 after follow-up conversations with management on the recently closed WageWorks acquisition, changes in the interest rate environment, and changes in the regulatory environment for employer health benefits. After a transition year in fiscal year 2021, the analyst expects the company to generate several years of high teens EBITDA growth. He reiterates an Overweight rating on the shares.
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