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Fly News Breaks for December 4, 2019
HQY
Dec 4, 2019 | 07:01 EDT
Cantor Fitzgerald analyst Steven Halper reiterates an Overweight rating on HealthEquity with a $95 price target saying the company last night reported fiscal Q3 results that were well above his expectations. Importantly, the company achieved $15 million of "runrate" synergies in the quarter, Halper tells investors in a research note. He continues to believe that the acquisition of Wageworks should pay dividends over time and that the company's complete offering "should be highly compelling to both existing and potential customers."
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