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Progyny initiated with a Buy at Canaccord

Canaccord initiated coverage of Progyny with a Buy rating and $46 price target. Progyny has established itself as “the market leader in specialized fertility” and continues to ride a “wave of growth,” the analyst tells investors. Progyny acheived record new client wins in 2022 and is describing the 2023 selling season pipeline as “favorable,” the analyst added.

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