NEW YORK (AP) — Shares of WageWorks Inc. rose more than 6 percent Monday, after a trio of analysts on Monday initiated coverage of its stock with top ratings, pointing to the company’s strong business model and significant growth prospects.

THE SPARK: Stifel Nicolas analyst initiated coverage with a “Buy” rating, while David Scharf of JPM Securities rated the stock at “Market Outperform” and William Blair’s Robert Napoli gave it an “Outperform” rating.

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