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Fly News Breaks for March 15, 2018
BNFT
Mar 15, 2018 | 05:33 EDT
Jefferies analyst John DiFucci lowered his price target for Benefitfocus to $30 saying signs of improvement in Q4 were "muddied" by the transition to ASC 606 compliance. Revenue growth guidance of 6%-10% in 2018 "may be a bit disappointing, but an uptick to 17 new large customers signed is promising," DiFucci tells investors in a post-earnings research note. He keeps a Buy rating on Benefitfocus.
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