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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100