Barclays analyst John Coffey keeps an Equal Weight rating on DLocal (DLO) with a $9 price target following media reports suggesting the company may be exploring a sale. The firm believes private equity may be the most likely of potential suitors. Investors should note the precedent of Nuvei, which was acquired by private equity for a 30% premium earlier in the year, the analyst tells investors in a research note.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DLO:
- MasterCard boosts dividend, Jabil reports Q1 beat: Morning Buzz
- DLocal exploring options, including potential sale, Reuters reports
- DLocal exploring potential sale, Reuters reports
- DLocal working with bankers to explore possible sale, Reuters reports
- DLocal up 5% after Reuters report on exploration of options