Fly News Breaks for May 10, 2019
May 10, 2019 | 07:31 EDT
Canaccord analyst Richard Close raised his price target for Catasys to $26 from $15 and reiterated a Buy rating, saying since the June 2018 initiation, Catasys has performed above expectations and experienced significant increases in the outreach pool from 31K to May 2019's 92K. Assuming a 20% enrollment rate puts the company on track to generate $100M+ in annual revenue within the next couple of years, Close tells investors in a research note.
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