Stephens starts HealthEquity at Overweight, target $100

 

• Stephens initiated coverage of HealthEquity (HQY) with an Overweight rating and $100 price target. The firm believes as the largest health savings account custodian, HealthEquity is well positioned to benefit from industry growth trends as higher-deductible health plans are becoming more of the norm. The firm sees near and longer-term catalysts that should drive above-peer top and bottom line growth.

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