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Fly News Breaks for June 28, 2017
WAGE
Jun 28, 2017 | 07:39 EDT
JMP Securities analyst David Scharf says that WageWorks has reached an attractive entry point after it fell 8.2% so far this quarter and 4.1% since it issued 1.95M shares. The analyst says that the company's sales pipeline has doubled over the last year, while it preannounced better than expected Q2 results and looks poised to benefit from accretive M&A and higher interest rates going forward. He keeps an $82 price target and an Outperform rating on the stock.
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