Citigroup Maintains Neutral on DLocal, Lowers Price Target to $10.5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Gabriel Gusan maintains a Neutral rating on DLocal (NASDAQ:DLO) but lowers the price target from $17 to $10.5.

June 05, 2024 | 3:45 pm
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NEGATIVE IMPACT
Citigroup analyst Gabriel Gusan maintains a Neutral rating on DLocal but significantly lowers the price target from $17 to $10.5.
The significant reduction in the price target from $17 to $10.5 by a major financial institution like Citigroup is likely to negatively impact investor sentiment and could lead to a short-term decline in DLocal's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100