Raymond James Maintains Outperform on Phreesia, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Ransom maintains an Outperform rating on Phreesia (NYSE:PHR) but lowers the price target from $40 to $30.
September 11, 2023 | 8:28 am
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NEGATIVE IMPACT
Phreesia's price target has been lowered from $40 to $30 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially lead to a negative sentiment among investors, which may put downward pressure on Phreesia's stock price in the short term. However, the maintained Outperform rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100