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Fly News Breaks for July 29, 2019
NSP
Jul 29, 2019 | 13:01 EDT
SunTrust analyst Tobey Sommer maintained a Buy rating and $150 price target on Insperity following the company's in line second quarter results and "disappointing" 2019 guidance. In a research note to investors, Sommer says he recommends growth investors take advantage of share weakness to buy shares, as he believes issues impacting guidance -- elevated large medical claims, slowing job growth by customers in Q2 and a delayed customer merger -- should prove transitory. The analyst reduced his 2019 adjusted EPS estimate to $4.65 from $4.68.
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