BTIG analyst Andrew Harte lowered the firm’s price target on Flywire to $26 from $27 but keeps a Buy rating on the shares after its Q2 results and updated outlook. The company cut its FY24 revenue guidance by 2.3% as regulatory headwinds in Canada are proving to be more impactful than originally expected, though ex-Canada, Flywire core performance is growing ahead of the company’s 26% consolidated growth during Q2 and its EBITDA margins are rapidly expanding, the analyst tells investors in a research note.
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