BMO Capital Maintains Outperform Rating for IntL Money Express: Here's What You Need To Know

BMO Capital has decided to maintain its Outperform rating of IntL Money Express IMXI and lower its price target from $30.00 to $29.00.

Shares of IntL Money Express are trading up 0.05% over the last 24 hours, at $19.92 per share.

A move to $29.00 would account for a 45.58% increase from the current share price.

About IntL Money Express

International Money Express Inc is a processor of money transfer services in the USA to the Latin America corridor (LAC). The company offers services in approximately 50 states and Latin American countries. Computer and telephone-based options are available for convenient wire transfers. The company offers wire transfer, money order, Foreign exchange, and cash checking services, while the majority of the revenue is derived from wire transfer and money order fees. The firm's business is organized around one reportable segment that provides money remittance services primarily between the U.S. and Canada to Mexico, Guatemala, and other countries in Latin America, Africa, and Asia.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.