Northland analyst Mike Grondahl raised the firm’s price target on Intermex (IMXI) to $27 from $23 and keeps an Outperform rating on the shares. Q3 results were softer due to macro headwinds, but Intermex plans to aggressively step up marketing spend in digital business to reinvigorate growth and is pursuing strategic alternatives too, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on IMXI:
- Intermex Reports Strong Q3 Earnings Amid Strategic Review
- BTIG thinks takeout bid ‘certainly a potential outcome’ of Intermex review
- Intermex rises after initiating process to assess strategic initiatives
- Intermex reports Q3 adjusted EPS 61c, consensus 58c
- Is IMXI a Buy, Before Earnings?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
