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Fly News Breaks for July 29, 2016
BNFT
Jul 29, 2016 | 11:19 EDT
Piper Jaffray analyst Sean Wieland remains confident in Benefitfocus' ability to maintain its operations and financial progress after the company announced that its new CFO Dennis Story is resigning for family reasons. The analyst believes the rest of its management team is a "well-stacked deck," and will continue to operate as usual in the interim as the company searches for a new CFO. Additionally, Benefitfocus pre-reported above its guidance and consensus expectations for Q2. He reiterates an Overweight rating and $49 price target on the shares.
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