Flywire price target lowered to $30 from $33 at Truist

Truist analyst Andrew Jeffrey lowered the firm’s price target on Flywire to $30 from $33 and keeps a Buy rating on the shares as part of a broader research note on FinTech names. After a strong Q4, the firm sees “more of the same” for the group as investors add exposure in a soft landing and press multiple expansion for fast-growing Digital FinTechs that are approaching profitability, the analyst tells investors in a research note. Uncertainty around Indian FX revenue and implementation timing will linger perhaps through the first half of the year, but the firm is confident that there is no material erosion to Flywire’s leading global software, platform and cross-border payments franchise, Truist added.