Klarna initiated with a Buy at Deutsche Bank

Deutsche Bank initiated coverage of Klarna (KLAR) with a Buy rating and $48 price target The company is the largest global player in buy now pay later and aims to be the preferred way for consumers to pay for everything, the analyst tells investors in a research note. The firm believes Klarna’s partnerships with major players like JPMorgan, Worldpay, Apple, and Google position the company for continued growth.