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Accolade price target raised to $12 from $10 at Jefferies

Jefferies analyst Glen Santangelo raised the firm’s price target on Accolade to $12 from $10 and keeps a Hold rating on the shares after updating the firm’s estimates to incorporate Q3 results and updated management commentary. While “encouraged” by better than expected results in the quarter, the firm remains “somewhat cautious” that the operating environment could be a near-term headwind, the analyst tells investors.

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