Truist initiated coverage of DLocal (DLO) with a Hold rating and $12 price target While DLocal’s new management team is well-regarded and it is a direct way to play the cash digitization theme in emerging markets, Truist struggles to see meaningful upside to the current share price given concerns about ongoing rate compression, the analyst tells investors in a research note. In addition, Truist believes that the company’s current investment cycle may last longer than the Street expects.
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