Citizens JMP analyst Aaron Kimson raised the firm’s price target on Phreesia (PHR) to $34 from $30 and keeps an Outperform rating on the shares. Phreesia announced better than expected Q2 results and the acquisition of AccessOne for $160M, the analyst tells investors in a research note. The firm believes the AccessOne acquisition is a logical strategic fit that will help Phreesia expand its existing payments business, and thinks the acquisition should be accretive to adjusted EBITDA margins once closed.
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