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Fly News Breaks for August 4, 2016
BNFT
Aug 4, 2016 | 07:29 EDT
Canaccord raised its price target on Benefitfocus to $48 from $44 following its "solid but noisy" Q2 results. The firm cited the company's better than expected revenue growth and a lower loss than expected. Canaccord believes there is upside to estimates as trends indicate larger deals are to be expected. Canaccord reiterated its Buy rating on Benefitfocus shares.
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