Keybanc Maintains Overweight on Phreesia, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Scott Schoenhaus maintains an Overweight rating on Phreesia (NYSE:PHR) but lowers the price target from $45 to $40.
May 25, 2023 | 8:14 am
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Phreesia's price target has been lowered from $45 to $40 by Keybanc analyst Scott Schoenhaus, who maintains an Overweight rating on the stock.
The news of Keybanc lowering Phreesia's price target may have a neutral short-term impact on the stock price. While the price target has been reduced, the analyst still maintains an Overweight rating, indicating a positive outlook on the company's performance. The lowered price target may reflect a more conservative estimate of the company's future growth, but it does not necessarily indicate a negative view on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100