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Fly News Breaks for November 2, 2016
ADP, WAGE
Nov 2, 2016 | 08:30 EDT
After WageWorks 9WAGE) announced the acquisition of ADP's (ADP) consumer directed benefits and COBRA business., Stifel analyst David Grossman says that synergies could allow WageWorks to double the margins of the acquired entity. The analyst keeps a $69 price target and a Buy rating on the shares.
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