Citi lowered the firm’s price target on Flywire to $36 from $37 and keeps a Buy rating on the shares ahead of the Q1 report. The Canada impact is partly recoverable in subsequent quarters and given typical student behavior, other geographies will be part of the offset too, the analyst tells investors in a research note. The firm says investor interest is focused on evolving student visa rules in Canada, which Flywire highlighted during earnings and for which the specific rules have become clearer recently.
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