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Fly News Breaks for February 27, 2019
BNFT
Feb 27, 2019 | 05:04 EDT
Jefferies analyst Samad Samana downgraded Benefitfocus to Hold while raising his price target for the shares to $55 from $48. The company's Q4 results beat consensus across the board, "capping off a strong 2018," Samana tells investors in a post-earnings research note. The analyst, however, believes Benefitfocus' success is now adequately reflected in the valuation following the rally in shares since the start of 2018.
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