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Fly News Breaks for December 4, 2019
HQY
Dec 4, 2019 | 09:09 EDT
KeyBanc analyst Donald Hooker raised his price target for HealthEquity to $77 from $70 and maintained an Overweight rating following "very strong" Q3 results across the board. In a research note to investors, Hooker says the WageWorks acquisition is well ahead of schedule with ~$15M of run-rate acquisition cost synergies achieved in the quarter, and management accelerated its expectation of achieving $50M of run- rate synergies now to exiting FY22.
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