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Goldman Sachs Starts Benefitfocus (BNFT) at Buy

October 14, 2013 8:34 AM EDT Send to a Friend
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Price: $31.99 --0%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 13 | New: 65
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Goldman Sachs initiated coverage on Benefitfocus (NASDAQ: BNFT) with a Buy rating and a price target of $50.00.

Analyst Greg Dunham said, "The Affordable Care Act is creating awareness and causing employers and insurers to invest in online benefits administration applications that can improve self-service, lower costs, and comply with regulations. The SaaS business leverages a highly differentiated data exchange network built over 13 years. We see sustainable, durable growth as industry pressures shift the burden to employees and consumers (from employers), who increasingly shop, enroll, manage, and exchange benefits information with a vast array of parties."

For an analyst ratings summary and ratings history on Benefitfocus click here. For more ratings news on Benefitfocus click here.

Shares of Benefitfocus closed at $41.86 yesterday.




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