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Fly News Breaks for December 12, 2019
Dec 12, 2019 | 13:17 EDT
Cantor Fitzgerald analyst Steven Halper says Health Insurance Innovations announced that its initial Q4 Medicare application volume was 47,000 through December 7, which appear to be "solid" and in line with the company's expectations. Based on his estimate, Halper tells investors in a research note that Medicare revenue will probably be around $40M in Q4. The analyst, who maintains an Overweight rating and $80 price target, says that with Medicare off to a good start, he believes the valuation gap between the current share price and his price target will begin to narrow
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