JP Morgan Maintains Overweight on Remitly Global, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating on Remitly Global and raises the price target from $19 to $21.
August 20, 2024 | 2:49 pm
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POSITIVE IMPACT
JP Morgan has reaffirmed its Overweight rating on Remitly Global and increased the price target from $19 to $21, indicating a positive outlook.
The increase in price target from $19 to $21 by JP Morgan suggests a positive outlook for Remitly Global, likely boosting investor confidence and potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100