Flywire price target lowered to $20 from $23 at BofA

BofA lowered the firm’s price target on Flywire (FLYW) to $20 from $23 and keeps a Buy rating on the shares following a “disappointing” Q4 report and initial F25 guidance. The firm expects shares to be “in the penalty box near term,” but it continues to view Flywire as “a differentiated provider of vertical specific software/payment solutions,” the analyst tells investors.