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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 07:37 EDT
Canaccord analyst Richard Close noted Health Insurance Innovations is in the process of transitioning the company to a Medicare-centric offering while de-emphasizing controversial short-term insurance products. The analyst believes shares are significantly undervalued assuming the transition to Medicare is successful but it has been challenging to be bullish on the stock given the short-seller activity and negativity surrounding the name. Close reiterated his Buy rating and $49 price target on Health Insurance Innovations shares.
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