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Fly News Breaks for February 21, 2020
Feb 21, 2020 | 07:40 EDT
Cantor Fitzgerald analyst Steven Halper raised the firm's price target on eHealth to $185 from $150 and reiterates an Overweight rating on the shares. The company's Q4 results suggest investments in its platform, agent tools and marketing capabilities are paying dividends, Halper tells investors in a research note. Importantly, eHealth guided 2020 well above consensus and indicated that it has experienced solid trends in the Q1 Medicare open enrollment period thus far, adds the analyst. He believes the company is poised to benefit from continued high growth rates in Medicare membership while expanding margins through increased online penetration.
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