Canaccord Genuity Upgrades Castlight Health Inc. (CSLT) to Buy

Canaccord Genuity upgraded Castlight Health Inc. (NYSE: CSLT) from Hold to Buy with a price target of $7.00 (from $5.00).

Analyst Richard Close is positive on the company noting diminishing churn and improvement in traction with channel partners. The analyst believes these improvements are not reflected in the current valuation.

For an analyst ratings summary and ratings history on Castlight Health Inc. click here. For more ratings news on Castlight Health Inc. click here.

Shares of Castlight Health Inc. closed at $4.30 yesterday.

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