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Fly News Breaks for March 28, 2017
WAGE
Mar 28, 2017 | 07:14 EDT
SunTrust analyst Tobey Sommer believes that WageWorks has reached an attractive entry point. The analyst says that the failure of the Republican health reform bill is "a modest negative" for the company. However, he says that its business' outlook for the rest of the year is fairly certain, and he thinks that estimates for the company "can rise steadily for the rest of the year," given what he sees as its conservative guidance and its opportunity to benefit from the expansion of its Office of Personnel Management contract. He keeps an $88 price target and a Buy rating on the name.
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