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Fly News Breaks for January 5, 2017
CSLT
Jan 5, 2017 | 07:20 EDT
Raymond James analyst Brian Peterson downgraded Castlight Health to Market Perform following the proposed acquisition of Jiff, which increases near-term operational risk while diluting shareholders. The analyst is positive on the long-term strategic merits of the deal but says it comes at a "hefty price" and adds another layer of execution risk to what has already been a relatively mixed bookings performance over the last several years.
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