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Fly News Breaks for October 31, 2016
BNFT
Oct 31, 2016 | 15:09 EDT
Jefferies analyst John DiFucci says Benefitfocus' announcement that it has amended its current credit agreement, raising the limit from $60M to $95M, is not surprising. However, the analyst notes that the amendment changes justifiably raise investor concerns regarding possible higher capex and lower EBITDA. Nonetheless, DiFucci continues to believe Benefitfocus represents an underappreciated growth story at an attractive valuation. He reiterates a Buy rating and $50 price target on the shares.
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