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Fly News Breaks for April 28, 2015
MELI
Apr 28, 2015 | 06:58 EDT
Credit Suisse upgraded MercadoLibre to Outperform and increased its price target to $191 from $136. The firm believes MercadoLibre is at the cusp of material value creation from the release of promotional tools that will allow sellers generate increased sales. As sellers adapt, the firm expects increasing consolidated take rates and for estimates to move materially higher.
News For MELI 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.
