Piper Sandler Maintains Overweight on Phreesia, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Jessica Tassan has maintained an Overweight rating on Phreesia (NYSE:PHR) but lowered the price target from $43 to $40.
September 12, 2023 | 3:39 pm
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Phreesia's price target has been lowered from $43 to $40 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100