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Accolade price target lowered to $13 from $17 at Guggenheim

Guggenheim analyst Jack Wallace lowered the firm’s price target on Accolade to $13 from $17 and keeps a Buy rating on the shares after considering the lower visibility offered by management’s updated multi-year growth plan. However, the firm e still thinks Accolade can approach 20% annual growth and generate 300-400 basis points of annual margin expansion with solid execution, the analyst tells investors.

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