Truist Securities Maintains Buy on Phreesia, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Phreesia (NYSE:PHR) but lowered the price target from $35 to $29.

June 03, 2024 | 1:08 pm
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Truist Securities has maintained its Buy rating on Phreesia but lowered the price target from $35 to $29, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in Phreesia's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100