DLocal jumps 22% after HSBC upgrades to Buy on Q2 EBIT beat

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DLocal (NASDAQ:DLO) jumped as much as 22.41% to $14.31 on Thursday after the Uruguayan fintech was upgraded to Buy from Hold by HSBC following its Q2 results.

HSBC’s decision came on the back of DLO’s Q2 EBIT beat, despite some one-off

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