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Fly News Breaks for February 2, 2016
HRB
Feb 2, 2016 | 09:03 EDT
Morgan Stanley says that H&R Block is a good stock to own if the U.s. is heading for another major recession. The firm says that H&R Block's business is acyclical, while the company's free cash flow is strong, enabling it to carry out share buybacks. Additionally, H&R Block is getting a strong tailwind form Obamacare, added Morgan Stanley, which keeps a $40 price target and Buy rating on the shares.
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