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Phreesia price target lowered to $25 from $30 at Wells Fargo

Wells Fargo analyst Stan Berenshteyn lowered the firm’s price target on Phreesia (PHR) to $25 from $30 and keeps an Overweight rating on the shares. The firm says network momentum, emerging HCP monetization, and potential to drive incremental cross-sell upside over time support a constructive outlook, but Wells sees limited paths for near-term upside surprises.

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