As previously reported, BofA analyst Jason Kupferberg resumed coverage of DLocal with a Buy rating and $18 price target after the company refuted key allegations that were made against it in a short report published on November 16 and also announced a $100M share buyback authorization and proposed share buy from "prominent shareholders," including General Atlantic. While he acknowledges some risks to the story, Kupferberg said he is now comfortable resuming coverage and adds that he believes the take rate allegations ignore important mix factors.
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Published first on TheFly
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