Monness Crespi lowered the firm’s price target on Remitly Global (RELY) to $30 from $35 and keeps a Buy rating on the shares. Remitly is better capitalized than peers in terms of structure and can withstand pain and continue growth even if global remit volumes decline, the analyst tells investors.
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Read More on RELY:
- Remitly Global price target lowered to $26 from $33 at Goldman Sachs
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