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Fly News Breaks for September 19, 2016
BNFT
Sep 19, 2016 | 15:33 EDT
Jefferies analyst John DiFucci says Benefitfocus' new appointed CFO Jeffrey Laborde appears to be an "appropriate fit," given his experience as CFO of two notable HCM software companies and senior M&A roles at two leading investment banks. Moreover, the analyst believes his timely hire should alleviate any uncertainty following Dennis Story's departure and since Milt Alpern's retirement earlier this year. DiFucci reiterates a Buy rating and $50 price target on the shares.
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