Flywire downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Tien-tsin Huang downgraded Flywire (FLYW) to Underweight from Neutral with a price target of $9, down from $16. The shares have “been battered” by adverse student immigration policy, but the trends likely won’t improve near-term assuming U.S. visa flow could be directly and indirectly impacted by trade war headlines as retaliation and inflation make studying abroad incrementally less attractive, the analyst tells investors in a research note. The firm cites the trade war uncertainty for the downgrade.