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Fly News Breaks for February 24, 2016
BNFT
Feb 24, 2016 | 05:50 EDT
Jefferies analyst John DiFucci calls shares of Benefitfocus a "relative bargain" following the company's Q4 results. The company is "well on its way" to becoming the de facto standard for corporate healthcare benefits management, DiFucci tells investors in a post-earnings research note. The stock trades at below the value of its existing subscription stream alone, the analyst contends. He cut his price target for the shares to $40 from $46 and keeps a Buy rating on the name.
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