JP Morgan Downgrades Flywire to Neutral, Announces $29 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang has downgraded Flywire (NASDAQ:FLYW) from Overweight to Neutral and set a price target of $29.
December 18, 2023 | 4:31 pm
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Flywire downgraded by JP Morgan from Overweight to Neutral with a $29 price target.
Downgrades by major analysts like JP Morgan can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target of $29 provides a benchmark that may influence investor expectations and trading behavior.
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