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Fly News Breaks for September 10, 2019
LINX, MELI
Sep 10, 2019 | 12:55 EDT
Goldman Sachs analyst Irma Sgarz noted that Linx (LINX) announced a partnership integrating Linx's wallet hub "QR Linx" with Mercado Pago's digital wallet, calling the news "incrementally positive" for Pago's parent MercadoLibre. The move is another step in the ramp up of MercadoLibre's e-wallet ecosystem in Brazil, said Sgarz, who maintains a Buy rating and $713 price target on MercadoLibre shares.
News For MELI;LINX From the Last 2 Days
MELI
Apr 24, 2024 | 08:03 EDT
Jefferies lowered the firm's price target on MercadoLibre to $1,400 from $1,650 and keeps a Hold rating on the shares. A recent ramp in investments could pressure EBIT near-term, though continued momentum in GMV, Advertising, and Credit "would keep the long-term story alive," the analyst tells investors in a preview note for the U.S. Internet group.
MELI
Apr 24, 2024 | 07:21 EDT
MELI
Apr 23, 2024 | 09:26 EDT
DZ Bank upgraded MercadoLibre to Buy from Hold with a $1,685 price target.
