Barclays Maintains Equal-Weight on Accolade, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Stephanie Davis maintains an Equal-Weight rating on Accolade (NASDAQ:ACCD) but lowers the price target from $11 to $5.5.
June 28, 2024 | 3:38 pm
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Barclays analyst Stephanie Davis maintains an Equal-Weight rating on Accolade but significantly lowers the price target from $11 to $5.5.
The significant reduction in the price target from $11 to $5.5 by Barclays suggests a negative outlook on Accolade's future performance. This is likely to result in a short-term decline in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100