Barclays Maintains Equal-Weight on Accolade, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Barclays has maintained its Equal-Weight rating on Accolade (NASDAQ:ACCD) but has lowered the price target from $13 to $11.
April 26, 2024 | 11:43 am
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Barclays has maintained an Equal-Weight rating on Accolade but reduced the price target from $13 to $11.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Accolade's stock price. The Equal-Weight rating indicates that Barclays does not see significant downside or upside, but the lowered price target suggests a recalibration of expected performance, which could be interpreted negatively by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100