Seaport Research analyst Jeff Cantwell lowered the firm’s price target on Flywire to $26 from $31 and keeps a Buy rating on the shares. The company recently reported Q2 results, with updates made to Q3 and FY24 guidance, the analyst tells investors. Top line growth will be impacted in the near term due to incremental headwinds in Canada and education, but Flywire is increasing its focus on driving better profitability to help manage this, the firm adds.
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