- First Analysis has upgraded Castlight (NYSE:CSLT) to Overweight. The firm's target is $8.
- The upgrade appears to be a valuation call: It comes with the cloud healthcare-management software firm down 71% from its $16 early-2014 IPO price going into today. Shares had fallen 60% since First Analysis launched coverage at Equal Weight on Dec. 5, 2014.
- Castlight has risen to $4.82 premarket.