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MELI

MercadoLibre

$183.21

-1.26 (-0.68%)

16:12
10/12/16
10/12
16:12
10/12/16
16:12

MercadoLibre announces offering of 5.5M shares of common stock for holders

Morgan Stanley and J.P. Morgan Securities are acting as underwriters for the offering.

MELI MercadoLibre
$183.21

-1.26 (-0.68%)

08/09/16
GSCO
08/09/16
INITIATION
Target $170
GSCO
Neutral
MercadoLibre initiated with a Neutral at Goldman
Goldman Sachs analyst Irma Sgarz started MercadoLibre with a Neutral rating and $170 price target.
08/30/16
PIPR
08/30/16
NO CHANGE
Target $185
PIPR
Overweight
MercadoLibre listings growth continues, says Piper Jaffray
Piper Jaffray analyst Gene Munster says his firm's proprietary web analytics indicates MercadoLibre's listings growth continues at an "impressive rate." For July, the analyst thinks the company's unit growth was 85%. MercadoLibre's platform is "gaining steam with suppliers due to improvements in the site," Munster tells investors in a research note. He reiterates an Overweight rating on the shares with a $185 price target.
09/02/16
JPMS
09/02/16
UPGRADE
Target $200
JPMS
Overweight
MercadoLibre upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Andre Baggio upgraded MercadoLibre to Overweight and raised his price target for the shares to $200 from $133. The Latin America online commerce platform closed yesterday up $1.68 to $173.68. The Brazilian marketplace is thriving, and MercadoLibre is gaining market share, Baggio tells investors in a research note. He expects the share price to be driven by earnings growth, despite the "rich valuation."
09/02/16
09/02/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. MercadoLibre (MELI) upgraded to Overweight from Neutral at JPMorgan by analyst Andre Baggio, who said the Brazilian marketplace is thriving, and MercadoLibre is gaining market share. 2. Teva (TEVA) upgraded to Outperform from Perform at Oppenheimer by analyst Rohit Vanjani, who points out that the validity of Teva's Copaxone patents now lies with the District Court decision after the inter partes reviews by the USPTO. Vanjani believes the court ruling, which will likely come in early 2017, is the more important of the two, with a higher hurdle to invalidate the patents. 3. Pioneer Energy (PES) upgraded to Buy from Hold at Jefferies by analyst Brad Handler, who argues that the 24% pullback in shares since the early July peak provides an attractive valuation. The analyst believes Pioneer's covenant risk can be managed and raised his price target for the shares to $6 from $5. 4. Amec Foster Wheeler (AMFW) upgraded to Buy from Neutral at BofA/Merrill. 5. Mitsubishi UFJ (MTU) upgraded to Outperform from Neutral at Daiwa. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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VDNRF

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EXPE

Expedia

$134.14

2.16 (1.64%)

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JetBlue

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MRAM

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$9.29

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AVXS

AveXis

$79.18

2.42 (3.15%)

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TSLA

Tesla

$308.03

2.43 (0.80%)

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Union workers claim Tesla illegally intimidated them, BuzzFeed says »

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AEP

American Electric

$67.86

-0.11 (-0.16%)

10:35
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American Electric says to invest $17.3B in capital over next three years »

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  • 25

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10:35
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General news
U.S. consumer confidence fell to a still-robust 120.3 »

U.S. consumer confidence…

FCX

Freeport McMoRan

$13.19

0.955 (7.81%)

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Freeport McMoRan says near-term debt situation ins manageable »

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  • 25

    Apr

JBLU

JetBlue

$21.75

0.22 (1.02%)

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UTX

United Technologies

$117.06

0.74 (0.64%)

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  • 25

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BIIB

Biogen

$276.86

3.92 (1.44%)

10:31
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Recommendations
Biogen analyst commentary  »

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  • 25

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UNXL

Uni-Pixel

$0.80

-0.01 (-1.23%)

10:31
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Uni Pixel with higher call volume »

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  • 18

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The 5.8% March U.S. new home sales surge »

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EAT

Brinker

$43.93

-1.53 (-3.37%)

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JBLU

JetBlue

$21.75

0.22 (1.02%)

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JBLU

JetBlue

$21.75

0.22 (1.02%)

, ERJ

Embraer

$19.51

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Embraer

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  • 25

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QQQ

PowerShares QQQ Trust

$134.16

1.6 (1.21%)

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Technical Analysis
PowerShares QQQ Trust hits fresh 52-week highs »

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FCX

Freeport McMoRan

$13.15

0.9153 (7.48%)

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Breaking Hot Stocks news story on Freeport McMoRan »

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  • 25

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C

Citi

$60.29

0.85 (1.43%)

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FCX

Freeport McMoRan

$13.15

0.9153 (7.48%)

10:26
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Hot Stocks
Breaking Hot Stocks news story on Freeport McMoRan »

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  • 25

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JBLU

JetBlue

$21.75

0.22 (1.02%)

, ERJ

Embraer

$19.51

-0.2483 (-1.26%)

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JetBlue aiming for CASM ex-fuel flat to up 1% for 2018-2020 »

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Embraer

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  • 25

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BBRY

BlackBerry

$9.29

0.21 (2.31%)

10:26
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Options
BlackBerry call volume above normal and directionally bullish »

Bullish option flow…

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LLY

Eli Lilly

$81.41

-2.01 (-2.41%)

10:26
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Eli Lilly says hasn't contemplated scenario to not pursue baricitinib in RA »

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