Flywire price target lowered to $13 from $26 at Citi

Citi lowered the firm’s price target on Flywire (FLYW) to $13 from $26 and keeps a Buy rating on the shares. The company’s visibility is challenged, with variable international student headwinds, the analyst tells investors in a research note. However, Citi feels the current level of the stock “too heavily discounts” Flywire’s longer-term opportunity. Further, inbound takeover interest likely has more credibility following the selloff, contends the firm.