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Fly News Breaks for June 28, 2018
BNFT
Jun 28, 2018 | 05:08 EDT
Piper Jaffray analyst Sean Wieland raised his price target for Benefitfocus to $40 citing improved sales execution and visibility for 2019. The analyst believes "strong" bookings and new carriers announced on the upcoming Q2 earnings call could drive upside to the second half of 2018 outlook and "further de-risk" 2019. He increased his 2019 revenue growth estimate to 12% from 10% and reiterates an Overweight rating on Benefitfocus.
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