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Fly News Breaks for April 7, 2016
MMS
Apr 7, 2016 | 15:25 EDT
After a media report indicated that the new U.K. Work and Pensions Secretary is seeking to get out of some outsourcing contracts, including Maximus' "Fit For Work" contract, Jefferies analyst David Styblo said that the company's "much larger" HAAS contract has shown significant improvement and doesn't appear to be at risk. The article in question never says the secretary is targeting the HAAS contract, Styblo pointed out. The analyst has a Buy rating and $63 price target on Maximus shares.
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