Monness Crespi analyst Gus Gala initiated coverage of Intermex with a Buy rating and $27 price target. The company has proven the ability to take share in the key U.S. to Latin America corridor, the analyst tells investors in a research note. The firm believes Intermex’s focus on the Latin America corridor of money transfers, among the largest and most profitable corridors in the world, has driven its revenue and EBITDA since 2013.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IMXI:
- International Money Express, PickTrace announces partnership
- Intermex and PickTrace join forces to help agriculture workers send money cross-border
- International Money Express CEO Contract Renewed to 2027
- Intermex Reports Fourth Quarter and Full Year Results
- International Money Express sees Q1 adjusted EPS 39c-42c, consensus 38c
