KeyBanc lowered the firm’s price target on Remitly Global (RELY) to $24 from $33 and keeps an Overweight rating on the shares. The firm says that ahead of Q1 prints, it is tweaking its estimates and price targets across several names with greater consideration for the level of uncertainty around the balance of the year. KeyBanc does “not know what we don’t know, thus ‘cautious’ seems the prudent lens through which to look at our coverage universe.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RELY:
- Remitly Global price target lowered to $30 from $35 at Monness Crespi
- Remitly Global price target lowered to $26 from $33 at Goldman Sachs
- Monness Crespi remains bullish on Remitly Global, says buy ‘misplaced’ fear
- Rufus Hone Reaffirms Buy Rating on Remitly Global Amid Growth Prospects and Market Position
- Remitly Global down 4% at $19.22 after short call by Spruce Point Capital