Barclays Maintains Equal-Weight on DLocal, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst John Coffey maintains an Equal-Weight rating on DLocal (NASDAQ:DLO) and lowers the price target from $18 to $17.
March 21, 2024 | 12:26 pm
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Barclays maintains an Equal-Weight rating on DLocal and lowers the price target from $18 to $17.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in DLocal's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, but the lowered price target indicates a revision of the stock's future valuation prospects.
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