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Fly News Breaks for October 16, 2018
WAGE
Oct 16, 2018 | 07:47 EDT
Wells Fargo analyst Jamie Stockton lowered his price target for WageWorks to $45 from $65, while reiterating a Market Perform rating on the shares. The analyst notes the company announced that interim CFO Ismail Dawood has been appointed the permanent CFO. Naming Dawood as the permanent CFO should streamline the process, as it removes the risk that another person filling that chair would want to review or change the work he had been doing around the restatement, he contends.
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