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Fly News Breaks for May 4, 2018
BNFT
May 4, 2018 | 07:25 EDT
As reported earlier, RBC Capital analyst Ross MacMillan upgraded Benefitfocus to Outperform from Sector Perform and raised his price target to $40 from $32, saying the company's "improved sales execution" in the employer segment and greater revenue in voluntary product distribution has added more clarity to its financials. MacMillan further cites to the company's high gross margin in recurring revenue and growing free cash flows along with an "appealing" valuation.
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