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Fly News Breaks for August 17, 2015
MELI
Aug 17, 2015 | 07:45 EDT
JPMorgan analyst Andre Baggio lowered his price target for MercadoLibre to $136 saying the weakening of the Brazilian Real puts pressure on the company's margins. The analyst recommends waiting for a better entry point into shares and keeps a Neutral rating on the stock.
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.
