Canaccord Genuity Maintains Buy on Accolade, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Richard Close has maintained a 'Buy' rating on Accolade (NASDAQ:ACCD) but lowered the price target from $18 to $17.
October 05, 2023 | 6:32 pm
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NEUTRAL IMPACT
Accolade's price target has been lowered from $18 to $17 by Canaccord Genuity, though the 'Buy' rating is maintained.
While the lowering of the price target might initially seem negative, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100