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Fly News Breaks for June 26, 2017
HSTM
Jun 26, 2017 | 12:57 EDT
Craig-Hallum analyst Matt Hewitt views this morning's news that HealthStream's contract with Laerdal for HeartCode and Resuscitation Quality Improvement offerings will not be renewed past 2018 as disappointing. The end of the contract will create a "hole" in the company's revenue base, Hewitt tells investors in a research note. He points out, however, that there is still time for HealthStream to find a replacement partner that could potentially come with better margins. The analyst keeps a Buy rating on the shares with a $34 price target.
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