BTIG analyst Andrew Harte has maintained their neutral stance on IMXI stock, giving a Hold rating yesterday.
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Andrew Harte has given his Hold rating due to a combination of factors surrounding the acquisition of International Money Express by Western Union. The agreed-upon acquisition price of $16 per share represents a significant premium over recent trading prices, which Harte views as an attractive valuation for shareholders.
Despite the challenges IMXI faces with the shift towards digital remittances, the acquisition by Western Union is expected to enhance IMXI’s omnichannel strategy and expand its scale and reach. Additionally, the anticipated cost synergies from the deal are seen as beneficial. Harte does not foresee any antitrust issues, considering the competitive nature of the remittance industry, and expects the transaction to close smoothly by mid-2026, pending regulatory approvals.
In another report released yesterday, Northland Securities also downgraded the stock to a Hold with a $16.00 price target.
IMXI’s price has also changed moderately for the past six months – from $18.450 to $14.900, which is a -19.24% drop .