Flywire price target lowered to $33 from $40 at Truist

Truist lowered the firm’s price target on Flywire to $33 from $40 but keeps a Buy rating on the shares. Flywire missed Q3 revenue and volume estimates, owing to a handful of HC/Education implementation delays and slower India FX volume, the analyst tells investors in a research note. Truist adds however that the delays seen in Q3 are not structural but rather seem as an “unfortunately timed confluence of events in the strongest seasonal period”.