Wageworks, Inc. (WAGE) Tops Q1 EPS by 3c

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WageWorks (WAGE) PT Slashed at Needham & Company; 'Buy' Maintained

May 9, 2014 6:47 AM EDT

Needham & Company analyst Michael Huang lowered his price target on Buy-rated WageWorks (NYSE: WAGE) to $44.00 (from $65.00) following Q1 results, while solid may not be enought to abte SaaS valuation concerns.

Huang commented, While Q1 performance was relatively solid and devoid of meaningful... More