BMO Capital Maintains Outperform Rating for IntL Money Express: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BMO Capital has maintained its Outperform rating for IntL Money Express (NASDAQ:IMXI) but lowered its price target from $30.00 to $29.00. The current share price is $19.92, and reaching the new target would represent a 45.58% increase. IntL Money Express, operating in the money transfer service sector within the USA to Latin America, derives most revenue from wire transfer and money order fees.
February 28, 2024 | 5:00 pm
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BMO Capital maintains Outperform rating for IntL Money Express with a lowered price target from $30.00 to $29.00, indicating a potential 45.58% increase from the current price of $19.92.
The maintenance of an Outperform rating by BMO Capital, despite a slight reduction in the price target, suggests a strong confidence in IntL Money Express's future performance. The potential for a 45.58% increase to the new target price indicates a bullish outlook for the stock. Given the company's role in the money transfer service sector and its primary revenue from wire transfers and money orders, this positive analyst rating could influence investor sentiment and drive short-term price movement upwards.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100