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DLocal price target lowered to $17 from $19 at HSBC

HSBC lowered the firm’s price target on DLocal to $17 from $19 and keeps a Hold rating on the shares. The analyst expects the company’s 2024 to be marred by volatility from its exposure to markets like Argentina and Nigeria. DLocal’s increased spending and taxes will somewhat pressure earnings, the analyst tells investors in a research note.

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