Phreesia initiated with an Outperform at BMO Capital

BMO Capital analyst Sean Dodge initiated coverage of Phreesia (PHR) with an Outperform rating and $32 price target The is gaining traction with cross-selling efforts while the pending AccessOne acquisition adds more growth in the long term, the analyst tells investors in a research note. The firm sees Phreesia’s “significant” operating leverage driving high-20s to low-30s EBITDA growth over the next few years.