DLocal price target lowered to $8 from $14 at Barclays

Barclays analyst John Coffey lowered the firm’s price target on DLocal to $8 from $14 and keeps an Equal Weight rating on the shares ahead of the Q2 report. The firm says the company’s fiscal 2024 guidance remains achievable, but likely at the lower end of the range. DLocal’s investments remain in focus this year, though with some potentially deferred past the end of the year, the analyst tells investors in a research note.