DLocal price target raised to $15 from $11 at Morgan Stanley

Morgan Stanley analyst Jorge Kuri raised the firm’s price target on DLocal (DLO) to $15 from $11 and keeps an Equal Weight rating on the shares following quarterly results and guidance. The firm remains on the sidelines as it sees only modest upside for the stock and a balanced risk-reward profile. While Morgan Stanley remains highly optimistic about DLocal’s long-term growth prospects, it believes much of that potential is already reflected in the current share price.