Raymond James Maintains Outperform Rating for Accolade: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for Accolade (NASDAQ:ACCD) but lowered its price target from $15.00 to $12.00. Accolade's shares are currently trading down 7.9% at $8.98 per share. A move to $12.00 would represent a 33.63% increase from the current share price.
October 05, 2023 | 5:00 pm
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Raymond James has maintained its Outperform rating for Accolade but lowered its price target. This could potentially lead to a short-term decrease in the stock price.
The lowering of the price target by Raymond James, despite maintaining an Outperform rating, could lead to a decrease in the stock price in the short term as it may be interpreted by the market as a lack of confidence in the stock's ability to reach the previous target price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100