Wells Fargo Downgrades Flywire to Equal-Weight, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Bauch has downgraded Flywire (NASDAQ:FLYW) from Overweight to Equal-Weight and reduced the price target from $20 to $18.
October 11, 2024 | 12:47 pm
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NEGATIVE IMPACT
Wells Fargo has downgraded Flywire from Overweight to Equal-Weight and reduced its price target from $20 to $18, indicating a less optimistic outlook.
The downgrade from Overweight to Equal-Weight suggests a less favorable view on Flywire's stock performance. The lowered price target from $20 to $18 indicates reduced expectations for the stock's future value, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100