BMO Capital Maintains Outperform on Remitly Global, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Rufus Hone maintains an Outperform rating on Remitly Global (NASDAQ:RELY) but lowers the price target from $28 to $24.

May 02, 2024 | 2:56 pm
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BMO Capital maintains an Outperform rating on Remitly Global but lowers the price target from $28 to $24.
The adjustment in price target by BMO Capital, while maintaining an Outperform rating, suggests a positive outlook on Remitly Global's performance but with a more conservative valuation. This could lead to mixed reactions in the short term, as the market digests the lowered price target against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100