BMO Capital Maintains Outperform on Remitly Global, Lowers Price Target to $23
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 $24 to $23.
June 17, 2024 | 1:19 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Remitly Global but lowers the price target from $24 to $23. This suggests continued confidence in the company's performance despite a slight reduction in expected valuation.
The Outperform rating indicates that BMO Capital still sees strong potential in Remitly Global. However, the slight reduction in the price target suggests a minor adjustment in expectations, likely due to market conditions or company performance metrics.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100