BTIG Research began coverage on shares of International Money Express (NASDAQ:IMXI) in a research note published on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $16.00 price target on the stock.
A number of other research firms have also recently issued reports on IMXI. Zacks Investment Research upgraded International Money Express from a sell rating to a buy rating and set a $11.00 price objective for the company in a report on Wednesday, August 29th. JMP Securities initiated coverage on International Money Express in a report on Monday, July 30th. They set an outperform rating for the company.
IMXI opened at $10.56 on Wednesday. International Money Express has a 52-week low of $9.06 and a 52-week high of $11.99.
International Money Express, Inc operates as a processor of money transfer services. The company offers wire transfer, money order, and cash checking services. It uses a proprietary financial technology that enables consumers to send money from the United States to 17 countries in Latin America and the Caribbean, including Mexico and Guatemala.
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