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Fly News Breaks for May 5, 2016
BNFT
May 5, 2016 | 20:05 EDT
William Blair analyst Adam Klauber downgraded Benefitfocus to Market Perform saying there is a "high hurdle" for the 2016 selling season. The company needs a strong selling season to generate the over $50M in additional employee segment revenues needed to match 2017 consensus revenues of $291M, Klauber tells investors in a research note. He sees increased risk over the near-term.
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