Citi downgraded Phreesia (PHR) to Neutral from Buy with a price target of $10, down from $25, following the fiscal Q4 report. The company is facing macro pressures which are unlikely to ease in the near-term, the analyst tells investors in a research note. The firm cites Phreesia’s limited visibility for the downgrade. It believes the shares are likely to be range-bound in the near-term.
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