Remitly Global stock dips after Wolfe downgrades to Peer Perform (NASDAQ:RELY)

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Remitly Global (NASDAQ:RELY) stock retreated 3.2% in Friday afternoon trading after Wolfe Research downgraded the provider of digital financial services to Peer Perform from Outperform over concerns about its profitability and valuation.

The company’s third-quarter earnings, published early November, reflected “EBITDA results and 4Q profit

dipsdowngradesGlobalNASDAQRELYPeerPerformRemitlystockWolfe
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