JP Morgan Maintains Neutral on DLocal, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Domingos Falavina maintains a Neutral rating on DLocal (NASDAQ:DLO) and lowers the price target from $17.5 to $17.

April 01, 2024 | 2:11 pm
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NEUTRAL IMPACT
JP Morgan analyst Domingos Falavina maintains a Neutral rating on DLocal and lowers the price target from $17.5 to $17.
The adjustment in price target by JP Morgan reflects a slight negative sentiment towards DLocal's short-term price potential, but the maintenance of a Neutral rating suggests no significant change in the company's overall outlook. The reduction in price target might cause a temporary negative reaction in the stock price, but the neutral stance indicates that the fundamentals of the company might not have changed significantly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100