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Klarna initiated with a Buy at UBS

UBS initiated coverage of Klarna (KLAR) with a Buy rating and $48 price target The company offers a “scaled two-sided network” in the “fast growing” buy now pay later market, the analyst tells investors in a research note. The shares offer an attractive entry point alongside potential upside as the industry gains greater share of overall commerce, the analyst tells investors in a research note.

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