HealthEquity (HQY) Tops Q3 EPS by 4c, Beats on Revenues; Lowers FY18 EPS Mid-Point Guidance Below Consensus, FY18 Revenue Mid-Point Below Estimates

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HealthEquity, Inc (HQY) PT Lowered to $58 at Oppenheimer on 3Q Report; 'Lack of Legislative Tailwind Could Reset Valuation

December 6, 2017 8:30 AM EST

Oppenheimer lowered its price target on HealthEquity, Inc (NASDAQ: HQY) to $58.00 (from $61.00) while maintaining a Outperform rating, following the company's third quarter earnings report.

Analyst Mohan Naidu notes a cautious outlook due to "the lack of legislative tailwind in the recent tax bill... More