DLocal price target raised to $14 from $12 at Truist

Truist raised the firm’s price target on DLocal (DLO) to $14 from $12 and keeps a Hold rating on the shares. The company reported a strong Q2, with volumes, revenues , and adjusted EBITDA estimates all trending higher, though the firm is concerned with the Street’s net take rate forecasts for the second half of the year, which appear to be too high, the analyst tells investors in a research note.