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Fly News Breaks for May 2, 2019
BNFT
May 2, 2019 | 08:01 EDT
Wells Fargo analyst Jamie Stockton lowered his price target for Benefitfocus to $55 from $60 after the company reported a March quarter beat and announced that on top of the head of sales leaving in April, the CFO now plans to leave for personal reasons in August. Assuming that the company finds a replacement this year, it would be the fourth new CFO in four years, the analyst notes. Stockton reiterates an Outperform rating on the shares.
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