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Fly News Breaks for November 20, 2019
CSLT
Nov 20, 2019 | 08:35 EDT
As reported previously, Canaccord analyst Richard Close downgraded Castlight Health to Hold from Buy. The analyst cited its elevated churn risk which has seeped into all point solutions. Given the headwinds of declining ARR associated with churn risk, he felt it prudent to downgrade the shares. Close lowered his price target to $1.50 from $4.00 on Castlight Health shares.
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