Morgan Stanley analyst Michael Infante upgraded Flywire (FLYW) to Overweight from Equal Weight with a price target of $17, up from $15. The firm says the company has “earning back credibility” with four consecutive quarters of beats. Flywire’s 2026 outlook still assumes visa headwinds, which positions the company for continued positive estimate revisions, the analyst tells investors in a research note. Morgan Stanley says this should drive multiple expansion in the shares.
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