Accolade price target lowered to $14 from $17 at Canaccord

Canaccord analyst Richard Close lowered the firm’s price target on Accolade to $14 from $17 and keeps a Buy rating on the shares. The analyst said they reported strong results in 3Q, beating our and consensus estimates across the board. Guidance was tempered, which is to be expected given management’s track record of conservative guidance.