Morgan Stanley Downgrades Flywire to Equal-Weight, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette downgraded Flywire (NASDAQ:FLYW) from Overweight to Equal-Weight but raised the price target from $27 to $30.
March 01, 2024 | 11:15 am
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Flywire's rating was downgraded by Morgan Stanley from Overweight to Equal-Weight, although its price target was increased from $27 to $30.
The downgrade to Equal-Weight suggests a neutral outlook on Flywire's stock, indicating that it might perform in line with the market. However, the increase in the price target from $27 to $30 reflects a positive adjustment in the expected valuation of the company. This mixed signal could lead to short-term uncertainty among investors, balancing out potential impacts on the stock price.
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IMPORTANCE 90
RELEVANCE 100