DLocal price target raised to $16 from $15 at Truist

Truist analyst Matthew Coad raised the firm’s price target on DLocal (DLO) to $16 from $15 and keeps a Buy rating on the shares. The firm notes that its estimates now reflect an expectation for continued strong volume growth alongside a faster pace of decline in the net take rate, also stating that DLocal’s solid operating performance offsets multiple compression among peers, the analyst tells investors in a research note.