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Fly News Breaks for May 1, 2019
HQY, WAGE
May 1, 2019 | 07:42 EDT
SunTrust analyst Tobey Sommer raised his price target on WageWorks (WAGE) to $57 and kept his Buy rating after HealthEquity (HQY) confirmed recent press speculation that it made a proposal to acquire the company. The analyst believes that WageWorks has not initiated a sale process yet, and other strategic or private equity bidders could emerge.
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