Seaport Research downgrades Flywire to Neutral after losing confidence in story

Seaport Research downgraded Flywire (FLYW) to Neutral from Buy. Seaport says it has lost confidence in the story. The India/Canada situation looks increasingly chaotic, and the firm is also growing more concerned following the U.S. election about the mid- to long-term outlook for China-inbound into the U.S. in Education, which Seaport believe is an important component of the company’s revenue, the analyst tells investors in a research note.