BUZZ-Uruguayan fintech dLocal plunges after Q4 profit miss

Reuters02-28

** Shares of Uruguayan fintech dLocal DLO.O slump 33.3%, hitting their lowest since November

** DLO on Thursday posted Q4 profit below analysts' expectations for the second straight quarter

** Morgan Stanley downgrades DLO to "equal-weight" from "overweight" following results, saying it still likes the long-term growth story but waits for a better entry point

** Adds that DLO expenses grew higher-than-expected and 2025 outlook seems softer than consensus expectations

** Brokerage expects valuation to take a breather following a 60% rally over the past six months

** Avg rating of nine analysts is "hold," median PT is $11.25 — LSEG data

** DLO stock down 15.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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