HMS Holdings (HMSY) PT Raised to $42 at Cantor Fitzgerald

Cantor Fitzgerald analyst Steven Halper raised the price target on HMS Holdings (NASDAQ: HMSY) to $42.00 (from $37.00) while maintaining a Overweight rating.

The analyst commented, "We reiterate our Overweight rating on HMSY shares and increase our price target to $42 from $37. Before the open on August 2, HMS reported solid 2Q19 results. The company also raised its full year 2019 guidance. Results benefited from a $10.5M Medicare RAC reserve release, but were still impressive excluding the release. Margins continue to expand. Management expects this will slow down in 2H2019. Population Health Management (PHM) revenue was comparable to 1Q19, but declined y/y due to a sizable project in 2Q18. We do not believe the shares currently reflect the company's long term growth potential."

You May Also Be Interested In

• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)