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HealthEquity price target raised to $122 from $117 at Citizens JMP

Citizens JMP raised the firm’s price target on HealthEquity (HQY) to $122 from $117 and keeps an Outperform rating on the shares. HealthEquity appears well-positioned to benefit from HSA market expansion, accretion from a favorable member rate mix, and HSA repricing, while continued investment in its technologies and platform is also expected to strengthen the company’s competitive advantage, the analyst tells investors in a research note.

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