Phreesia price target raised to $35 from $34 at Truist

Truist raised the firm’s price target on Phreesia (PHR) to $35 from $34 and keeps a Buy rating on the shares. The firm cites the company’s better than expected Q1 adjusted EBITDA and commentary that a big chunk of its Network Solutions revenue is locked in for the full year, with Phreesia controlling the pace of program rollouts to meet both internal and external expectations, the analyst tells investors in a research note.