BMO Capital Maintains Outperform on Remitly Global, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained an 'Outperform' rating on Remitly Global and raised its price target from $23 to $24, indicating confidence in the company's future performance.
September 18, 2024 | 12:59 pm
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BMO Capital has increased its price target for Remitly Global from $23 to $24 while maintaining an 'Outperform' rating, suggesting a positive outlook for the company's stock.
The increase in price target from $23 to $24 by BMO Capital, along with the maintained 'Outperform' rating, indicates a positive sentiment towards Remitly Global's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100