Flywire shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.
Portfolio Pulse from Benzinga Newsdesk
Flywire shares have risen following an upgrade from Morgan Stanley, changing their rating from Equal-Weight to Overweight.
January 29, 2024 | 11:24 am
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POSITIVE IMPACT
Flywire's stock price is likely to experience a positive short term impact due to the upgrade from Morgan Stanley from Equal-Weight to Overweight.
Analyst upgrades typically lead to a positive short term reaction in the stock market as they suggest a better-than-previously-expected future performance of the company. The upgrade from a reputable financial institution like Morgan Stanley can particularly influence investor sentiment and lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100