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Fly News Breaks for March 4, 2020
BNFT
Mar 4, 2020 | 07:27 EDT
Raymond James analyst Brian Peterson lowered the firm's price target on Benefitfocus to $16 from $25 and keeps an Outperform rating on the shares following Q4 results that provided more pros than cons, including strong new carrier bookings and a $20M share repurchase program. With the numbers now de-risked, Peterson tells investors in a research note that he sees a much clearer path higher for shares that trade at just 1.8x his revised CY20 revenue estimate.
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