BUZZ-Uruguayan fintech dLocal jumps after JPM upgrades to 'overweight'
** Shares of Uruguayan fintech dLocal DLO.O jump 7% to $13.80 premarket
** J.P. Morgan upgrades DLO to "overweight" for the first since its New York IPO in 2021 after carrying a "neutral" rating for nearly four years
** Brokerage also raises DLO PT to $18 from $14, an 8.5% upside to stock's last close
** Says now is a good entry point for investors as expectations are lower, and it expects a solid growth path ahead for DLO
** JPM believes revenue momentum outsize Brazil is picking up for DLO as most geographies are far from being as competitive and as digitally penetrated as Brazil
** Three of nine brokerages rate the stock "buy" and six "hold"; their median PT is $10.50, according to data compiled by LSEG
** DLO stock up 14.6% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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