B of A Securities Downgrades DLocal to Neutral, Announces $16 Price Target
Portfolio Pulse from richadhand@benzinga.com
B of A Securities analyst Jason Kupferberg has downgraded DLocal (NASDAQ:DLO) from Buy to Neutral and set a price target of $16.
August 04, 2023 | 12:53 pm
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DLocal has been downgraded from Buy to Neutral by B of A Securities, with a new price target of $16.
The downgrade from Buy to Neutral by B of A Securities indicates a less optimistic outlook for DLocal. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $16 also suggests a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100