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Fly News Breaks for October 15, 2015
MELI
Oct 15, 2015 | 05:54 EDT
Piper Jaffray analyst Gene Munster lowered his price target for MercadoLibre to $120 after cutting his estimates to account for currency moves. The analyst believes the stock is already pricing an FX headwind, however, and points out his price target represents 32% upside from current share levels. MercadoLibre is still gaining unit share, Munster tells investors in a research note. He keeps an Overweight rating on the name.
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.
